All eyes in the financial world are on the Federal Reserve this week. The Fed’s final meeting of 2025 runs December 9–10, and markets are widely expecting another quarter-point cut to the federal funds rate—likely the third cut in a row this year. So what does this actually mean if you’re thinking about buying or selling a home in Western North Carolina?
Want to know how to find the best deal possible in today’s housing market? Here’s the secret. Focus on homes that have been sitting on the market for a while.
Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make. And some recession talk in the media has made a lot of would-be buyers second guess their plans.
After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. And for the first time in what feels like forever, there’s movement happening again.
Recently, the idea of a 50-year fixed mortgage was floated by the President as a way to make homeownership more affordable. In short, a longer loan term would lower monthly payments—but would it actually help buyers, especially in markets like ours in Western North Carolina? Let’s explore what it might mean if the idea became available.
