
The Fed Rate Hike Won’t Hurt Housing. Here’s Why.
The Federal Reserve raised interest rates today. As Yellen said, “it’s important not to overblow the significance.” Translation: Chill.
Lorraine is enjoying her first real job after a career in journalism. She’s based in Washington, D.C., where she writes about housing and the economy. Before joining Redfin, Lorraine was at Bloomberg News reporting on politics, financial mayhem, housing and the economy. Her dream home is a top-floor loft with a pool, friendly neighbors and a terrace for throwing parties. Everyone's invited.
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The Federal Reserve raised interest rates today. As Yellen said, “it’s important not to overblow the significance.” Translation: Chill.

Good news: Buyers aren’t blinking at higher interest rates.

What you may have missed in this week’s housing news.

Last week, Fannie Mae and Freddie Mac made it a little easier to get a mortgage. This week, climate talks might actually yield something, Janet
San Francisco home prices rose more than 15 percent in October from a year ago, posting a median sale price of $1.18 million. Sales fell for the fourth-straight month, dropping nearly 19 percent.

Last week, voters said yes to more affordable housing and people in D.C. started buzzing about bailouts again. This week, poverty and housing are on the agenda, civil rights groups try to up the ante on fixing Fannie and Freddie and GOP candidates take their chances with reporters at Fox. Also: Ants build cool stuff

The Federal Reserve raised interest rates today. As Yellen said, “it’s important not to overblow the significance.” Translation: Chill.

Good news: Buyers aren’t blinking at higher interest rates.

What you may have missed in this week’s housing news.

Last week, Fannie Mae and Freddie Mac made it a little easier to get a mortgage. This week, climate talks might actually yield something, Janet
San Francisco home prices rose more than 15 percent in October from a year ago, posting a median sale price of $1.18 million. Sales fell for the fourth-straight month, dropping nearly 19 percent.

Last week, voters said yes to more affordable housing and people in D.C. started buzzing about bailouts again. This week, poverty and housing are on the agenda, civil rights groups try to up the ante on fixing Fannie and Freddie and GOP candidates take their chances with reporters at Fox. Also: Ants build cool stuff