Fed’s $1.2 Trillion Move Inspires “Wows”
For those who didn’t hear of the news yesterday that the Federal Reserve plans on pumping $1.2 trillion in the U.S. economy, let me assure you that this is BIG news. It was no surprise that the Federal Open Market Committee kept the federal funds rate at .25%, and economists expect that rate to stay [...]
Some GOOD News in the Real Estate Industry
How’s that for a headline? And I’m not grasping at straws here either. The two headlines that immediately caught my attention on this fine morning focused on the fact that Freddie Mac and Fannie Mae will be suspending foreclosures through January 9, 2009. Call it an early holiday gift and, even though it’s really not [...]