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Fed Lowers Key Interest Rate For First Time Since Great Recession

August 6, 2019 by Rilian Ball

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent. Fed Chair Jerome Powell described the rate cut as a "mid-cycle adjustment" intended as a one-time boost for the economy. Mr. Powell said he did not view the cut as the first in a series of quantitative easing moves, … [Read more...]

Filed Under: Federal Reserve Tagged With: Fed, FOMC, Interest Rates

What’s Ahead For Mortgage Rates This Week – August 5th, 2019

August 5, 2019 by Rilian Ball

Last week's economic news included readings from Case-Shiller on home prices, pending home sales, construction spending and a post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Consumer sentiment was released along with Commerce Department reports on public and private sector job growth and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims. Home Price Growth Slows in May The Case-Shiller National Home price Index showed … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, Mortgage Rates

Why Do People Stage Homes To Sell?

August 2, 2019 by Rilian Ball

If you're selling your home, your real estate agent has likely advised you to stage your home to sell. But why exactly do people stage homes to sell? Some people go to great lengths to stage their home too, even going so far as moving possessions into storage units or renting furnishings! If your home is already nicely decorated, why should you go to the added trouble of "staging" it? There are many good reasons to stage your home to sell. 1. Staging Makes Your Home Appear More Spacious Having … [Read more...]

Filed Under: Real Estate Tagged With: Home Selling Tips, Home Staging, Real Estate

Case-Shiller: Home Prices Growth Slows in March

August 1, 2019 by Rilian Ball

Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller's National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April's year-over-year reading of 3.50 percent. Las Vegas, Nevada held its first place position in the 20-City Home Price Index for highest year-over-year home price growth rate at 6.40 percent; Phoenix, Arizona held second … [Read more...]

Filed Under: Market Outlook Tagged With: Case Shiller, Market Outlook, Market Trends

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Rilian Ball


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