Employment is rising, jobs are becoming abundant and wages are increasing, all over the United States.
Interest rates will continue to rise and it will be a slow and steady hike proportionate to the increased economic strength in the U.S.
Federal Reserve Chairman, Jerome Powell, says he plans to keep on the current policy course, which is focused on balancing the dual risk of runaway inflation inducing growth and opposing forces that could halt expansion. Factors that could change this course are unsteady economic conditions, but that doesn’t seem likely to me.
In the Northeast, home appreciation seems to be slowing down and may bring some balance to the SELLER’S MARKET we have seen locally. It may allow more BUYERS THE OPPORTUNITY TO PURCHASE HOMES. Could this just be an anomaly? Yes, perhaps it’s just a blip but I have a feeling this is a slowly progressing trend.
