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Real Estate News Brief: Interest Rate Decision, Zombie Foreclosures, and the "One Tree Pledge"
Episode 984
Published 5 years, 4 months ago
Description
The latest economic news on economic policy, the job market, construction spending, mortgage rates, California rent control, zombie foreclosures, and a builder's effort to reduce his carbon footprint.
We begin with economic news from this past week and another vote by the Federal Reserve to leave overnight interest rates right where they are, near zero.
Board members met for their monthly meeting in the midst of a contentious presidential election. It now appears that former vice president Joe Biden will be our next president, although President Trump's team is calling for recounts and litigation.