Federal Reserve Takes Steps to Keep Housing Market Stable

August 12, 2010

The Federal Reserve on Tuesday agreed to keep the federal funds rate near zero. This move was in an effort to keep long term interest rates from rising, thus easing investor’s fears that the economy is headed for another dip into recession. Economists suggest that while this move is not earth shattering news, it does send a message that the fed is willing to take steps to keep the economic recovery from stalling.


Read this story from USA Today for more information about the Fed’s move.


What does this mean for the average homebuyer? It means interest rates should remain low, keeping an already affordable housing market attractive. With rates at historic lows, many homebuyers who thought they had missed their opportunity six months ago are finding that they are now in a great position to buy. Across the nation, many markets that were sluggish are beginning to pick up steam. In the Katy area, which has remained healthy compared to the rest of the nation, homeowners who are trying to sell are enjoying the large number of buyers moving into the area from other states.

If you, your friends, or family would like more information about the local real estate market including trends and pricing information, just call me at 832-722-7731. I am always happy to help.


Stacy Jones is a REALTOR you can trust

Stacy Jones



Stacy is a licensed REALTOR® and the team leader of The Jones Team, a group of REALTORS® in Katy, who work together to provide exceptional service for their clients. Stacy and his team specialize in the areas west of downtown Houston. These incredible real estate agents can help you buy or sell a home in locations such as Katy, Cypress, far West and Northwest Houston, Richmond, Fulshear, Sugar Land, Spring Branch, Memorial, Spring, Tomball, The Woodlands, and Magnolia. Whether you are in the market to sell a home, buy a home, have a question about home appraisal value, need advice about home staging ,or have any other real estate related questions, Stacy and The Jones Team are available to help.


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All information in this site is deemed reliable but is not guaranteed and is subject to change.

The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.