The PCE Index has remained above the Federal Reserve’s target and continues to be the Federal Reserve’s preferred measure for tracking inflation. Although the latest reading was not significantly above expectations, when considered alongside a number of other factors, it could contribute to the potential for a rate increase, particularly as the PCE Index has repeatedly come in higher than expected in recent months. At the Jackson Hole Symposium, the Federal Reserve commented that it remains committed to bringing inflation back to its 2% target. The Fed additionally stated that it … [Read More...]
A backyard pool can make a home feel like a private retreat. For buyers who enjoy swimming, entertaining, or spending time outdoors, it may be a major selling point. Before falling in love with the idea, however, it is important to understand the maintenance, expenses, and responsibilities that come with pool ownership. Inspect the Pool's ConditionThe appearance of the water does not tell you everything about the condition of a pool. Pumps, filters, heaters, plumbing, surfaces, lighting, and other equipment may eventually require maintenance or replacement.Consider having the pool evaluated by … [Read More...]
Large, established trees can make a property feel beautiful and inviting. They may provide shade, privacy, character, and an established landscape that would take years to recreate. But mature trees also come with responsibilities that buyers should consider before purchasing a home. Look at the Condition of the TreesA healthy mature tree can be a valuable part of a property, while a damaged or diseased tree may eventually require professional attention or removal. Look for large dead branches, visible decay, significant leaning, damaged trunks, or other unusual conditions. When concerns … [Read More...]
A shared driveway may seem like a minor detail when you are focused on a home's layout, condition, and location. However, because the driveway is used by more than one property owner, it is important to understand exactly how access, maintenance, and responsibilities are handled before you buy. Understand Who Owns the DrivewayA shared driveway does not always mean both homeowners own equal portions of it. In some cases, one property owns the driveway while a neighboring property has a legal right to use part of it through an easement. In others, ownership may be divided between properties. Ask … [Read More...]
When shopping for a home, buyers naturally pay attention to the kitchen, bedrooms, bathrooms, and overall condition of the property. But energy efficiency can have a significant impact on what it actually costs to live in the home. Taking a closer look at how efficiently a property uses energy can help you anticipate monthly expenses and identify improvements you may want to make after purchasing. Look at the Windows and DoorsOlder or poorly sealed windows and doors can allow heated or cooled air to escape, making the home more expensive to keep comfortable. Look for drafts, damaged … [Read More...]
The latest FOMC minutes reinforced the Federal Reserve’s continued focus on price stability, with policymakers voting to maintain the current federal funds rate for the time being. However, the path forward remains uncertain, particularly as persistent inflation continues to complicate the case for additional rate cuts. In fact, several policymakers have indicated greater concern about inflation and favored tighter monetary policy at the most recent meeting. With the more recent departure of former Fed Chair Jerome Powell, there is a lot of uncertainty about where the Federal Reserve … [Read More...]
