Federal Reserve Chair Powell says latest interest rate cut unlikely to make buying a home easier

these rate cuts that we've seen, is there a chance we're going to see more affordability in the housing market so more people can maybe enjoy that part of wealth creation. I mean, the average age or median age of a first-time home buyer is now 40 years old. That's the highest on record.>> Yeah. So, the housing market faces um some really significant challenges. And uh I don't know that, you know, a 25 basis point decline in the federal funds rate is going to make much of a difference for people.um you know ...