Tucson real estate : Federal Reserve pledged to keep interest rates at their historic lows at least through mid-2013 indicating how serious the Fed is about preventing another recession. The Federal Reserve announced it was taking such measures because this year’s economic growth has been “considerably slower than the Committee had expected.”
Low interest rates means lower monthly mortgage payments for potential buyers. This increases buyers demand and ultimately strengthens the housing market. This is good news for the Tucson real estate market.
Realtor Lisa Bayless specializes in Catalina Foothills, Oro Valley and Marana real estate sales.
