August 21, 2018 The economy seems to be firing on all cylinders. We had a great preliminary estimate of economic growth for the second quarter, unemployment is near historic lows and consumer optimism continues to be very high. The strength of the economy has prompted the Federal Reserve to continue to raise rates from their […]
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August 14, 2018 The economy is humming and there is a certain optimism from analysts that the economy will continue to grow from here. Even the Federal Reserve Board in their brief recent statement used the word “strong” to characterize the economy. Though it seems to be “all systems go,” the question for this week […]
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August 7, 2018 We started the flow of really important data on Friday, July 27. Though the numbers were preliminary, the first snapshot of economic growth for the second quarter was quite impressive. It more than made up for a weaker first quarter and you can be sure that the Federal Reserve Board’s Open Market […]
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July 31, 2018 Though August is usually a pretty slow month within the financial markets and the real estate sector, this August starts with a bang. Today the Federal Reserve’s Open Market Committee concludes their meeting and will issue their rate decision and analysis. Just two weeks ago, Federal Reserve Chairman Jerome Powell told Congress […]
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July 24, 2018 We are now more than half-way through the year and the biggest problem within the real estate sector continues to haunt the markets. The shortage of inventory is not only a drag for the real estate markets, but the economy as a whole. For decades, owning a home has been associated with […]
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Queens Real Estate News The Queens NY Real Estate Market Continues to boom Below is a list of the top 10 biggest real estate sales deals in Queens, New York during the First quarter of 2018: 1. 29-21 41st Ave, Long Island City, NY 11101 Purchase Price: $60 Million Sale of 183 room hotel located in Long […]
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July 17, 2018 Each time the Federal Reserve Board raises short-term interest rates, everyone seems to be expecting rates on home loans to follow suit. And sometimes this does happen, but often times it does not. Thus, we always find it helpful to remind our readers why the relationship is not a “one-to-one” phenomenon. For […]
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July 10, 2018 With the release of the June employment report we have now seen six months of data for 2018. This gives us a pretty good indication of how the economy is doing this year. The economy has added approximately 1.25 million jobs in the first six months of the year. And though the […]
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June 26, 2018 We now have had some time to decipher the Federal Reserve Board’s statement after their meeting last week. The tone of the message can be described as hawkish. The Fed used words that were a bit stronger with regard to the economy and the future of interest rates. For example, economic growth […]
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