Top 10 posts from last week

Here were the most popular stories on Inman this past week ...

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New home sales continue upward course in June

New home sales increased in June, continuing the upward trend which began in May. Home prices finally decreased during June as total housing supply and the month’s supply at the current sales rate both decreased. from real estate news and flip houses http://bit.ly/2vIWmzD Real Estate Investing News proudly brought to you by Real Estate Sales LLC . Your Real Estate Investing Expert Coach
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Fed Raises Rate for Third Time This Year

The Federal Reserve acted as expected on Wednesday, increasing the key interest rate one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June, as well as once in 2016 and once in 2015. It forecasts three rate raises in 2018. “Hurricane-related disruptions and rebuilding have affected economic activity, employment, and inflation in recent months but have not materially altered the outlook for the national economy,” according to a statement by the Fed. “Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will remain strong. Inflation on a 12‑month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee’s 2 percent objective over the medium term. Near-term risks to the economic outlook appear rough...
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The week in financial markets: the hikes are starting to matter

Imagine
We’re not saying when we’re going higher because we don’t know, but mark your calendars for June 13, 2018 for the day the Fed flipped from stimulus to leaning against the economy. Powell’s second signal: "The U.S. economy is in great shape.” from real estate news and flip houses http://bit.ly/2HRMHvF Real Estate Investing News proudly brought to you by Real Estate Sales LLC. Your Real Estate Investing Expert Coach
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