Great news from CNN
"The job market is almost strong enough to stand on its own" That's the message from Federal Reserve officials, who announced today they will start reducing their massive economic stimulus program.
Beginning in January, the Fed will buy $75 billion in bonds each month - that's down from the $85 billion it had been buying since September 2012. The cutbacks in bond buying represent the beginning of a process that Wall Street has nicknamed "tapering."
The Fed stresses this doesn't mean interest rates will rise. In fact, the Fed said it planned to keep short-term interest rates "exceptionally low" for now.
Lets hope all this good news keeps building on the consumers confidence levels as that will have a direct effect on the housing market. The more positve economic indicators the public sees the more confident they become in their job security, which fuels the desire to buy big ticket items such as, washing machines, TV's cars which all goes to fuel the economy which inturn then fuels the housing market!
2014 is starting to look like it could be a great year for real estate in the USA and The Ashton Real Estate Group!
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