In the ever-changing world of economics, the Federal Reserve, commonly known as “the Fed,” plays a crucial role as the United States central bank. It is responsible for safeguarding financial stability, managing inflation, and promoting maximum employment. But why should real estate enthusiasts care about the Fed’s actions? Let’s explore this integral component of the […]
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July 27, 2023
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Brace yourselves, renters! In an astonishing turn of events that has sent shockwaves of relief across households in the United States, the latest report unveils a groundbreaking revelation – median rent prices in the country dipped in May compared to the same month last year. This extraordinary development marks the first time in three years […]
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June 28, 2023
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The U.S. housing market is grappling with a pressing issue—plummeting inventory levels that have hit their lowest point in over a decade. This alarming trend, fueled by the lingering impact of the COVID-19 pandemic and high mortgage rates, has created a crisis for homebuyers and sellers. This article will delve into the factors contributing to […]
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June 21, 2023
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In a surprising move, the Federal Reserve chose to keep its benchmark interest rate steady at approximately 5.1%, providing a sigh of relief for borrowers across the nation. This decision follows a series of 10 consecutive rate hikes to combat high inflation. The Federal Reserve’s decision suggests their confidence that the significant increase in borrowing […]
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June 15, 2023
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On Wednesday, the Federal Reserve raised interest rates by a quarter percentage point, concluding a 14-month campaign to combat persistent inflation. However, experts believe this may be the final rate hike for the foreseeable future, as a weaker job market and slowing economic growth introduce new uncertainties in the banking sector. The Fed’s statement omitted […]
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May 3, 2023
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The recent collapse of Silicon Valley Bank and Signature Bank has complicated the Federal Reserve’s decision to announce a 0.25% increase in the target federal funds rate. These two failed banks have made the decision to hike interest rates more complex. Silicon Valley Bank was forced to sell a bond portfolio at a loss due […]
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March 22, 2023
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