Found 2 blog entries tagged as Economy.

The Local Impact of a Property Sale

Buying or selling a home has a broader impact beyond personal change — it significantly supports the local economy. According to the National Association of Realtors (NAR), each home sale generates substantial economic activity, with existing home sales contributing over $60,000 and new home purchases adding over $125,000 to the local economy.

Ralph’s Take

Buying or selling a home is more than a personal milestone — it’s a major boost to the local economy. Each move injects tens of thousands of dollars into the community, driving demand in construction, finance, retail, and more. Local governments gain through taxes and fees, and even small businesses, like your neighborhood pizza shop,…

363 Views, 0 Comments

Read Full Post

Fed Hits Pause: No More Rate Cuts — for Now

In its latest policy meeting, the Federal Reserve opted to maintain the federal funds rate at 4.25% to 4.5%, pausing after three consecutive rate cuts. Fed Chair Jerome Powell emphasized there is no immediate need to adjust the policy stance, noting that while inflation has decreased from its 2022 peak, it remains slightly above the 2% target. This decision comes amid political pressures, with President Trump criticizing the Fed for not implementing deeper rate cuts to stimulate economic growth.

Ralph’s Take

The Fed’s decision to keep rates steady comes as no surprise, with little impact on the mortgage market. Its focus remains on the labor market, but inflation remains a…

419 Views, 0 Comments

Read Full Post