The Federal Open Market Committee voted 9-1 last Wednesday to keep the benchmark rate at a target range of 2.25% to 2.5%, where it has been since December’s quarter-point increase. The “patient” approach, as described by the Fed earlier this year, is at odds with the Trump administration, which has been pushing the Fed to […]
Author Archives: Oleg Ahamian
CALIFORNIA REAL ESTATE MARKET MAKING A REBOUND
Towards the end of last year, it appeared that the real estate sales market was in a downward spiral. High demand and a shortage of inventory led to values not seen since before the recession, causing many homebuyers to wait out the spike in prices. Then came the interest rate hikes, further dampening the market. […]
BUILDER CONFIDENCE UP IN MAY, BOOSTED BY STRONG SALES
Author: Oleg Ahamian BUILDER CONFIDENCE UP IN MAY, BOOSTED BY STRONG SALES The economy is in great shape right now, and it’s evident from even a cursory glance at the consumer confidence numbers. The University of Michigan’s consumer sentiment index for May shows a reading of 102.4, a 15-year high, and up 5.2 points over […]