NAMPA, Idaho — The Federal Reserve lowered U.S. interest rates this week by a quarter percent, marking the first rate cut in nearly a year and bringing new hope to Idaho's challenging housing market.

Local realtors say the cut could help move more homes from "for sale" to "sold" as Idaho home buyers become more optimistic about entering the market.

WATCH: Idaho Realtors discuss impacts of lowering interest rates Federal Reserve cuts interest rates, sparking optimism in Idaho housing market

"It signals that the federal government is paying attention, that that's what the public is wanting to see in order to start coming back to the table to purchase homes," said Sarah Weaver, president-elect of Boise Regional Realtors.

The quarter-percent interest rate cut comes after months of pre

See Full Page