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Home Starts in August Weaker Than Expected

Posted By Wally Reule @ Sep 23rd 2013 12:32pm In: Sedona Real Estate Market News

One reason that Federal Reserve policy makers decided not to raise interest rates this month is because home starts nationally were lower than expected in August. The Fed wants to maintain the stimulus to economic expansion. Homebuilders see this as a temporary slowdown, and do expect home sales and interest rates to continue to rise in the near future. So if you're thinking about financing a new home, you have a temporary reprieve from higher interest rates.

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