Charlottesville, VA (CVILLE RIGHT NOW) – Quinton Beckham of KW Alliance joined Cville Right Now to discuss the Federal Reserve’s recent decision to lower interest rates. Beckham emphasized, “It’s a half point. We were expecting a quarter point, so you could say it’s twice as big as what we were expecting.” He noted that the change could lower mortgage costs, making homeownership more accessible. 

Beckham also expressed optimism for the spring housing market, predicting that the rate cut would unlock more inventory. “By the time spring comes around, we’ll see a lot of this inventory that’s been locked in become available.” He added that lower rates would encourage more buyers and sellers to enter the market, potentially easing some of the recent housing shortages. 

With Charlottesville’s strong job market, Beckham suggested the local real estate market is positioned to benefit from the changes, giving homebuyers new opportunities. 

Listen to the full conversation here: