Fed to Keep Buying Bonds

Citing the slow pace of economic recovery and persistently high unemployment, the Federal Reserve on Jan. 26 unanimously decided to move forward with plans to purchase up to $600 billion in long-term Treasury bonds.

The central bank also reaffirmed its intent to keep short-term interests rates near zero for "an extended period." According to futures markets, investors believe the Fed will begin raising rates in the early part of next year.

Source: “Unanimous Fed Keeps Buying Bonds,” The Wall Street Journal, Sudeep Reddy (01/27/11)

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Welcoming in 2011 with advice...

This will be an interesting year in Real Estate. If you plan on selling, I recommend you get your home on the market as soon as possible. I believe the banks will step up the forclosure process and many more listings will show up in February. The LA Times confirmed my feelings over the weekend. See it here

Also, interest rates are inching up. The higher they go the smaller the pool of buyer available and qualified. Call me to discuss in detail. Jack McSweeney / RE/MAX Execs 310 346-0391