Following the Fed's Open Market Committee meeting this December, "the Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency-mortgage backed securities...it anticipates doing so until normalization of the level of the federal funds is well under way" (Dru Bertagni, JMJ Financial).
Although the labor market has been strengthening and our economy expanding, interest rate projections are making some uneasy. Following the December meeting, the Fed released a press release stating that "the Committee decided to raise the target rate for the federal funds rate." While Fed Chairwoman, Janet Yellen, claims that monetary policy is "moderately accommodative" and that "inflation remains below the central bank's 2% target," Committee officials are said to have raised short-term interest rate targets from .25% to .5%.The Fed holds its position that the federal funds rate will most likely remain lower in the short-term, but it is no indication of what might happen in the long-run. This uncertainty will surely lead to some apprehension in the real estate market.
With seven consecutive years of five-star status in Orange Coast Magazine, The Kurt Real Estate Group is among the elite. No matter where they’ve gone, they’ve set record sales. Whether you’re a buyer, seller, or investor, Kurt and his team work diligently, honestly, and with the utmost professionalism and are passionate about helping you achieve your real estate goals.
Kurt is ranked among the top two percent of Coldwell Banker agents nationwide. Kurt’s experience investing in and flipping homes and his connections with the Hollywood Film Industry give him an unparalleled edge and keen insight into market trends. The opportunity presented to you in working with Kurt is why The Kurt Real Estate Group is recognized as one of the top real estate teams in Orange County.
The Kurt Real Estate Group celebrated in style last weekend at the Lag
"Kurt Galitski is awesome. We needed our home sold as soon as possible. We sold our home in a month and a half. Kurt kept us advised about everything. We were advised by phone calls,texts, and emails through every step of the way. If in the future that I need to buy a home or anyone needing a realtor in the Orange County area I will refer Kurt Galitski"