The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping.

Recently published data by a prominent real estate website reveals further proof that Florida’s housing market is shifting in buyers’ favor. According to Realtor.com, the Sunshine State had the second-largest percentage (25%) of home price reductions in April, a signal that sellers aren’t receiving much traction on their dream asking price in a changing market.

Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.

Shopping for a new home.

The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come.

At a time when rising gasoline and food prices are already straining Americans’ budgets, many apartment tenants are grappling with soaring rents.