Here’s What You Can Do to Prepare for the Coming Rate Hike, GDP Growth, $2B Relief for Renters/Property Owners

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Here’s What You Can Do to Prepare for the Coming Rate Hike

The Federal Reserve laid the groundwork for interest rate hikes Wednesday.

At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond-buying after a variety of inflation reports reached their highest levels in decades.

Real the full story to learn how you can prepare.

GDP Growth

Some good news: Gross domestic product accelerated 6.9% in the fourth quarter, well ahead of the 5.5% estimate. Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984. Gross private domestic investment, a gauge of business spending and inventory build, soared 32%. (Full Story)

$2B Relief for Renters/Property Owners

In a letter addressed to Senator Chuck Schumer, Senator Kirsten Gillibrand, and Members of New York’s Congressional Delegation, twelve New York real estate organizations are asking for $2 billion in funding for rent relief not just for renters, but for the state’s rental property owners who are struggling to pay expenses because of rent not being paid.

(Full Story)

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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