Fed cuts rates again.
The federal funds target rate on loans is now down to 3.75 percent, a level that it hasn't hit since 1994.
"The immediate impact of all this on real estate is pretty positive. The real estate market is still in decent shape," said Tim Welch, executive managing director at the Cushman & Wakefield financial services group.
Welch added that, by and large, there has been "good control on new construction", unlike a past market when speculative building fueled the real estate crash.
Despite Welch's optimism, interest rate cuts tend to take six months before impacting the economy.
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|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Jul 4, 2001|
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