Archive for December, 2008

The Fed cuts Rate to .25

Dec 17th 2008

Related Posts: Credit & Finance, Government

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The Federal Reserve yesterday cut its key federal funds rate to between zero and 0.25 percent, down from 1 percent, a level that was already the lowest target rate in a half century. The central bank also vowed to use “all available tools” to fight the current downturn.

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Florida market rebounding a bit !!!!

Dec 17th 2008

Related Posts: Florida Listings, Real Estate News, Tampa Listings, What If Realty News

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Sales are picking up in markets where prices are deflated, but the business is different than it was before the bubble burst, observers say. The housing market in deflated states – like Arizona, California, Florida and Nebraska – show signs of a rebound. Analysts say that prices have fallen to the point that those with average salaries can afford to buy once again. “The buyers are returning,” says Lawrence Yun, National Association of Realtors (NAR) chief economist. “And in such a strong way that, now, we are hearing in some cases there is multiple bidding, which hints that maybe pricing is reaching a bottom point. But inventory remains high.”

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