LOUISVILLE, Ky. — For the first time in nearly a year, the Federal Reserve cut its benchmark interest rate by a quarter point, and may be a positive sign for Kentuckians priced out of the housing market.

The rate cut may not sound like much, but it’s the first reduction by the Federal Reserve in nine-months and could be a sign of more reductions to come. While there is no direct correlation to the Fed rate, Will Fischer of the Greater Louisville Association of Realtors said the housing market could become more favorable to buyers.

“And when it does could allow an individual who was priced out of a market or wasn’t ready to buy to get back into the market and start searching for a home with a realtor,” Fischer told Spectrum News.

Simply put, this is the news many Americans wanted to he

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