Dec 17, 2015
The federal reserve just raised rates on Wednesday. Of course, I believed that the Fed would find an excuse to avoid this out of a desire to not rock the boat and protect an election year from any negative effects of the change. It turns out, the need to demonstrate through action that the Fed believes the economy is doing better was stronger.
The good news is that this change should not cause much stress for home buyers. We will discuss why and how buyers, investors and real estate entrepreneurs should take this news.
We will also talk about what the Fed seemed to indicate in terms of future increases and how that might effect our real estate markets.