The Federal Reserve today announced the first interest rate hike of 2017, and the second rate hike in three months.
The Federal Open Market Committee concluded its meeting with the announcement that the Fed will raise interest rates by 25 basis points to 1 percent.
The last rate hike occurred in December, when the Fed moved to raise rates from .5 percent to .75 percent.
The Mendocino area realty market has seen an uptick in prices and more activity as the market is moving from a buyer’s market to a seller’s market.
Current “active” listings 244; “pending in escrow” listings 52; and listings “sold” this past year to date until 3-15-17; 290