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Monthly Archives: December 2016
8 experts predict what the 2017 housing market has in store
What will happen to mortgage rates, affordability, inventory and more Key Takeaways Mortgage rates are likely to continue to increase throughout 2017. There will not be any easing in inventory, and affordability will still be a challenge in big markets. The potential is there for a large number of first-time buyers to enter the buying market, but they will face new challenges. It’s been …
Fed to hike interest rates next week while ignoring the elephant in the room
The Federal Reserve is going to raise interest rates next week, but shy away from the bigger question looming for financial markets: How does the shock outcome of the presidential election change the economic landscape? The Fed is widely expected to announce an increase in the target range for its federal funds rate to 0.5%-0.75% when its two-day meeting wraps next Wednesday, analysts agree. …
Iowa City Council unanimously approves support for workforce housing project
7-story building with 36 micro-apartments is planned IOWA CITY — The Iowa City Council gave a boost to a workforce housing development Tuesday, following a process that cut the size of the proposed building in half. The council voted 7-0 to provide Workforce Housing Tax Credit support for seven-story micro-apartment residential and commercial structure planned for 7 S. Linn St. To apply for the …