“The obvious side effect of COVID was that people would keep properties off the market. In the Pikes Peak region we saw a decrease on active listings of 12.4 percent for single
Fed Drops Rates-Now What?
Dated: 09/19/2019
Views: 729
The evening before the FED dropped the rate .25% an influx of money was pushed into the markets in the form of QE. This was because of a liquidity problem. Short term rates had jumped to 10% and the FED had to get it back down to 2%. Which they did buy dropping 53 Billion into the market on Tuesday night and 75 Billion(or so) Wednesday.
Why does this matter? Well, because we are in a "GREAT" economy and this shows signs that there are issues that everyone seems to be ignoring. The economy worldwide is softening. Central banks worldwide are also dropping interest rates and many economies are beginning to show serious signs of slowing down. Give Germany a call and ask how their recession is coming along.
So maybe it has not affected housing locally. And maybe it will not. But there is one thing everyone needs to know and that is the World is VERY connected and small things half a world away can ripple world economies quickly.
As we wrap up this blog is should be noted that housing along the Front Range continues to be solid and demand is good. Sellers have continued to enjoy a selling season and buyers got to compete again this Summer. I will keep you updated on World Events and financial information as I wade through it.
Patrick Muldoon
President
Patrick Muldoon
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
Latest Blog Posts
“April was a very interesting month across the country and that was no different here in the Pikes Peak Region. Single-family listings were down just over 29 percent as sellers tried to
“The Pikes Peak region woke up in November to some cold days and a hot real estate market. The winning streak continues for sellers as the market remains tight. And although we ended up with
“As the weather cools, the housing market does not as the Pikes Peak Region is not allowing the ‘off season’ to disrupt a strong housing market. In fact, we saw the average days on
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Muldoon Associates, Inc.name are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. August 3, 2020 8:50 AMd
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak Realtor Services Corp.
Pueblo Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
