With the Federal Reserve cutting rates, metros with younger, more mobile populations like Washington, D.C., Denver, and Virginia Beach—where over 70% of homeowners have mortgages—are poised to see increased buyer demand. In contrast, cities with older populations and more outright owners, such as Miami and Buffalo, may experience slower market responses. Nationwide, 64% of homes are owned, with two-thirds carrying mortgages, highlighting regional differences in rate sensitivity.
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