My Real Estate Blog

Funny thing, I read a headline like this and wonder why we are so down on the market.  Green Valley and Sahuarita Az markets are down like many parts of the country.  But, interest rates are at historical lows.

There are some great properties available for sale right now.  See our listings of available property in Green Valley and Sahuarita Arizona. See our homes for sale here www.myrealestateofarizona.com/OurHomes

Forecasters predicted in August that the Federal Reserve would lower its key interest rate, now at 5.25 percent to 4.75 within the next year.

But after last Friday’s release of an ominous Labor Department report of a worsening employment picture, some economists are predicting that the Fed will cut its key rate to 4.75 in one swoop when it meets next week on Sept. 18.

That prediction was reinforced by a forecast released Monday by the National Association for Business Economics that puts the growth of gross domestic product at 2 percent for this year. That’s the weakest since 2002 when the economy was emerging from a recession and grew by just 1.6 percent.

Source: The Associated Press, Jeannine Aversa (09/10/07)