Team Nexus Real Estate Blog

Frank D'Angelo 8 years ago

Irregularities between New Construction Home Prices & Previously Owned Homes

At first glance the illustration below clearly illustrates the 10 year history of the gap between the median sales prices of Twin Cities area previously owned homes and new construction home sales prices.  Historically markets have fluctuated monthly.   The interactive red line represents the Median Sales Prices of previously owned homes in the Twin Cities over that past 10 years.  Note the more extreme fluctuations th...
Frank D'Angelo 8 years ago

After the long awaited decision of their 2 day meetings in Washington; the Fed policymakers announced and launched the not so suprising news of increased short term interest rates.  The Feds feel based on surveys and indicators that the economy has improved enough to be able to handle higher interests rates and wants things to be back to normal according to their statement released on December 16th, 2015.

Although the federal fund rate increase was quite small (approximately 0.25-0.5 points) th...
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