Tuesday, October 30, 2007

Fed May Cut Interest Rate Again Tomorrow.

This isn't real estate information, but it is information that affects real estate.

The Federal Reserve is widely expected to further slice interest rates on Wednesday, but a second reduction in two months has economists split on the potential result. It might help boost lagging real estate sales (the commercial/investment market is strong, the residential market is weak). Others, however, are looking for a rate cut to help boost other sectors of the economy, particularly holiday sales.

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