The FED announced today that they will leave the federal funds rate in the 0 percent to 0.25 percent range and expects economic conditions to warrant exceptionally low levels of the federal funds rate for an extended period of time.
According to C.A.R., the median price of an existing, single-family detached home in California during December 2009 was $306,820, an 8.4 percent increase from the revised $283,060 median for December 2008.
The Consumer Confidence Index rose in January to 55.9 compared with 53.6 in December, the Conference Board reported yesterday. The Present Situation Index increased to 25 in January from 20.2 in December, and the Expectations Index increased to 76.5 from 75.9 last month, according to the report.
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