Lake Tahoe Real Estate - Single Family - Tahoe Paradise
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Tahoe Real Estate - Condo/Townhouse - Tahoe Paradise
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Tahoe Real Estate - Multi Family - Tahoe Paradise
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Tahoe Real Estate - Land - Tahoe Paradise
Lake
Tahoe Real Estate - Commercial - Tahoe Paradise
SEPT. 27 LAST CHANCE TO REGISTER ONLINE FOR REALTOR®
EXPO 2004 Members can register online at www.realtorexpo.org
for California REALTOR® EXPO 2004, special ticketed events
and Tech Tuesday. The EXPO will be held at the Santa Clara
Convention Center Oct. 6 - 7 and will be preceded by Tech
Tuesday on October 5. New this year is a special Tech Tuesday
luncheon featuring tech futurist Guy Kawasaki. Other special
ticketed events include violinist North Wood during an Oct.
7 luncheon and the popular EXPO gala scheduled for the evening
of Oct. 6. All ticketed events are expected to sell out before
Oct. 5. Although admission to the EXPO is free to all C.A.R.
members, registration is required.Updated information about
the California REALTOR® EXPO 2004 and October business meetings
can be found on C.A.R. Online in the Meetings and Events section.
FED RAISES KEY INTEREST RATE The Federal
Reserve on Tuesday raised its target for the federal funds
rate by 25 basis points to 1.75 percent. It is the third time
the Fed has raised rates since June. "The stance of monetary
policy remains accommodative and, coupled with robust underlying
growth in productivity, is providing ongoing support to economic
activity," the Fed said in a prepared statement. "After moderating
earlier this year partly in response to the substantial rise
in energy prices, output growth appears to have regained some
traction, and labor market conditions have improved modestly.
Despite the rise in energy prices, inflation and inflation
expectations have eased in recent months." The Fed said that
upside and downside risks to attaining both sustainable growth
and price stability for the next few quarters appears to be
roughly equal. "Nonetheless, the Committee will respond to
changes in economic prospects as needed to fulfill its obligation
to maintain price stability," the Fed said.
MORTGAGE LOAN APPS POST SLIGHT INCREASE The
Market Composite Index of mortgage loan applications, a measure
of mortgage loan applications, increased 1.8 percent on a
seasonally adjusted basis to 690.7 for the week ending Sept.
17, compared with 678.2 one week earlier, according to a report
released today by Mortgage Bankers Association (MBA). On an
unadjusted basis, the Index increased by 26.4 percent for
the week ending Sept. 17 compared with the previous week but
was down 1.5 percent compared with the same week one year
earlier. The refinance share of mortgage activity increased
to 44.5 percent of total applications from 43.2 percent the
previous week. The adjustable-rate mortgage (ARM) share of
activity increased to 33.1 percent of total applications from
33.0 percent the previous week.
C.A.R. Newsline is published by the CALIFORNIA ASSOCIATION
OF REALTORS®, a trade association representing more than 135,000
REALTORS® statewide.
