All posts by George Duarte

Existing Home Sales Dip More Than Expected

November sales of pre-owned homes dipped lower than expected and prior month’s readings according to the National Association of Realtors (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October’s reading of 5.32 million sales. Instead, November’s reading dropped to 4.76 million sales. November’s drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were 3.80 percent lower year-over-year.

Federal Reserve Raises Short-Term Interest Rates

After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.

Moving to a New Home? Use These Websites and Apps to Research Potential Neighborhoods

Relocating to a new city? Thinking about moving to a new neighborhood? With the advancement of technology, it’s now possible to research new neighborhoods without getting up off the couch. Here are some websites and apps that have proven invaluable with researching new areas.

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