Real Estate Update 1-29-2014
Sales of new single-family homes for December 2013 came in at a seasonally adjusted annual rate of 414,000. This is 7.0% below the revised number for November, but 4.5% above the December 2012 figure of 368,000. Mortgage rates are likely to be influenced by the Federal Reserve meeting this week with its policy announcement due on Wednesday. It is widely anticipated that the Fed will reduce its bond purchases by another $10 billion per month. A decision not to continue the taper may indicate the Fed has lost a little bit of faith in the economy’s ability to grow without support. The GDP estimate for Q4 is scheduled for release on Thursday and is estimated to come in at 3.0%.
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley has been licensed for 6 years, he and his team of 4 agents consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Central Virginia Real Estate - Charlottesville, Louisa, Orange, Lynchburg, Nelson, Fluvanna, Amherst, Bedford, Campbell, Waynesboro and Augusta. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Realty Specialists
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My current real estate person has always responded to normal apartment issues (wonky fire alarm, plumbing, heating) with care and surprisingly good speed.
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