29 Palms CA real estate listings and homes for sale, home buying, home selling information – Triad, Realtors

Hi Desert Real Estate Forum

FED CUTS INTEREST RATES

September 18th, 2007 12:51 PM

The Fed announced Tuesday that it was reducing its target for the federal funds rate, the interest that banks charge each other, from 5.25 percent to 4.75 percent.

The half-point reduction was double the quarter-point move that many had expected and sparked euphoria among investors, who had been worried that the central bank would be too slow in responding to recent market turmoil.

The Dow Jones industrial average, which was up by 84 points right before the Fed decision, soared by more than 250 points following the mid-afternoon announcement.

The Fed's action is designed to boost economic growth by lowering borrowing costs for millions of consumers and businesses. Commercial banks followed quickly with announcements that they were slashing their prime lending rate by a half-point to 7.75 percent. It had been at 8.25 percent for the past 15 months.

Posted by Mike Duncan on September 18th, 2007 12:51 PMPost a Comment (0)

Kevin Cole Resigns

September 26th, 2007 3:50 PM

Do you think that the departure of Kevin Cole from the City Coucil will ultimately prove to have a positive or negative impact on the City of 29 Palms?

Posted by Mike Duncan on September 26th, 2007 3:50 PMPost a Comment (0)

Good Time To Buy??

September 20th, 2007 11:14 AM

Do you think that now is a good time to buy real estate in 29 Palms, Joshua Tree, or Yucca Valley?

If you agree that now is the time to buy, why do you think that way?

If you don't think now is a good time to buy, why do think that?

Posted by Mike Duncan on September 20th, 2007 11:14 AMPost a Comment (0)

Moving to the desert?????

September 11th, 2007 10:47 PM

Are you moving to 29 Palms, Joshua Tree, or Yucca Valley?

What information would you like to see on the website to assist you in your move?

Posted by Mike Duncan on September 11th, 2007 10:47 PMPost a Comment (0)