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The Real Estate News Brief: Record High Homeseller Profits, Adding Value with ADUs, Top Destination States
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:04:58
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In this Real Estate News Brief for the week ending November 6th, 2021… why it’s a “banner year” for homeseller profits, how much an ADU will increase your home value, and which states are attracting the most newcomers. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. The Federal Reserve has announced its “taper timetable.” The Fed is currently buying Treasurys and mortgage-backed securities at a rate of $120 billion a month an economic stimulus. It now plans to reduce that amount by $15 billion per month in November and December, with similar reductions expected next year. If there’s no adjustment to the pace of reductions, the tapering process would be complete by mid-2022. Although the Fed believes the economy is strong enough to begin the taper, Fed chief Jerome Powell says: “We don’t think it’s time yet to raise interest rates.” (1) The jobless rate dipped again t