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The Federal Reserve Leaves Key Rate Unchanged
The Fed announced today that it will maintain its target for the federal funds rate in the 0 percent to 0.25 percent range, and expects economic conditions to warrant exceptionally low levels of the federal funds rate for an extended period of time. “Information…. suggests that economic activity continues to strengthen and that deterioration in [...] |
Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the great depression, the National Association of Realtors said Friday. Home resales are projected to total 5.7 million next year, up from an estimated 5 million this year. Prices [...] | California Median Price Rises 5.8% in November
California home sales increased 4.7 percent in November compared with the same period a year ago, while the median price of an existing home rose 5.8 percent, according to a C.A.R. report released yesterday. The median price of an existing, single-family detached home in California during November 2009 was $304,520, a 5.8 percent increase from [...] | Southland home sales up again, drop in median price smallest in 2 years
Southern California home sales rose in October as prices showed more signs of firming. The median sale price fell by the smallest amount in two years, the result of a shrinking inventory of homes for sale and government and industry efforts to stoke demand and curtail foreclosures, a real estate information service reported. Two counties [...] | NAR Sees Existing Home Sales Rise 10%
The rate of existing home sales increased 10.1% in October, the National Association of Realtors (NAR) said. The seasonally adjusted annual sales rate of existing homes — including single-family, town home, condominium and co-op dwellings — was 6.1m in October, up from a rate of 5.54m existing home sales in September. October’s rate is 23.5% [...] |
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Washington Report: New Budget...
