NAR COMMENDS FEDERAL RESERVE BOARD ON TIMELY INTEREST RATE CUT

NAR's Chief Economist Lawrence Yun says the 75-basis-point cut in the Fed funds rate to 3.50% is a very good step in the right direction to boost the economy and send a clear message to both the market and to consumers. (Source: NAR) More Information . . .

Governor Spitzer outlines 2008 plans in annual State of the State address

Last week Gov. Eliot Spitzer delivered his second State of the State address to the state Legislature and the people of New York. In his speech the governor outlined ambitious goals for 2008, which include expanding healthcare for children, investing further in SUNY and a $1 billion upstate economic revitalization plan. Spitzer’s real estate-related priorities include property tax reform, affordable housing and stabilizing the subprime mortgage climate. Learn more.