Fed's Latest Policy Decisions, Home Sale Numbers, and a Home Value Forecast

In this Real Estate News Brief for the week ending January 30th, 2021… the Fed's latest policy decisions, more good news about home sales, and a Zillow forecast on home values.

We begin with economic news from this past week, and another meeting of the Federal Reserve that ended with no policy changes and signs that short-term interest rates will stay right where they are for several years. The Fed also said it has no plans to taper its monthly purchase of $120 billion in bonds until it sees "substantial further progress" in a job market recovery, along with inflation that sits above 2% for some amount of time.

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