Fed, Treasury Announce Plan to Jumpstart Lending
The Federal Reserve and Treasury Department on Tuesday unveiled hundreds of billions more in money they are pumping into the struggling U.S. economy, trying to jumpstart lending by the nation's banks for mortgages and consumer debt.
Together, the programs from the Federal Reserve and the New York Fed aim to dump $800 billion in additional funds into ...
Chester County Labor Market
In the first two months of the second quarter, 2,722 jobs were added to the payrolls of Chester County. As a result of these new jobs, the average monthly unemployment rates fell from 3.8% during the first quarter to 3.6% for April and May. The strong employment climate may help to create demand for home purchases. Favorable mortgage rates should augment this trend.
Chester ...
Here's what Gary Keller, co-founder and chairman of Keller Williams Realty, has to say about waiting out the current market.
First, residential real estate is not a national product-it is a local one. To say from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees-it is a useless and irrelevant ...
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