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No News is Good News

September 20, 2006

Today, something very important happened; nothing. The Federal Reserve Board met today and for the second time in a row has decided not to raise the rates. This could be a signal that after 17 consecutive rate increases, the worst is behind us. This could go a long way to restoring confidence in the real estate markets. In recent speeches, Fed officials have said that they don’t expect house prices to fall nationwide. We have been seeing improvement in the local market as many buyers are beginning to re-enter the market.

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