Last month, as expected, the Federal Reserve didn’t vote to change the target range for Federal Funds rate – currently 2.25% – 2.5%. However, the Fed has received pressure from the White House to cut inflation rates in order to spur further economic activity. In terms of balance between buyers and sellers? Real Estate markets are performing well within an economic expansion that will become the longest in US History this July. However, there are signs the economy is slowing down. The possibility of in inflation rate reduction in 2019 is definitely in play following the increase over the last several years.
*All data is provided by North Texas Real Estate Information Systems, Inc. and is current as of July 8, 2019
Median Sales Price