Will the Fed’s interest rate cut lower LA’s housing costs?

The Federal Reserve announced a half-a-percentage point cut in interest rates on Wednesday. Mortgage rates had already been falling, but the median home price in LA is $1 million.

Credits

Guest:

Host:

Madeleine Brand

Producers:

Sarah Sweeney, Stephen Gregory, Angie Perrin, Amy Ta, Brian Hardzinski, Bennett Purser, Zeke Reed