By EILEEN SMITH DALLABRIDA • APR 7, 2017 (Delaware Public Media)
A decade after the housing bubble burst, home sales are buoyant with some parts of the First State experiencing the most exuberant spring in 40 years.
In suburban Newark, a freshly refurbished home priced at $299,999 in the Drummond North development sold in a single day.
A three-bedroom townhouse in Wilmington’s upscale Highlands neighborhood didn’t last much longer. Priced at $359,900, it was snapped up in less than a week.
The Federal Reserve voted to raise rates by 0.25 percent on Wednesday - BY AMBER TAUFEN Staff Writer Inman
“The Fed will raise the overnight cost of money on Wednesday, from a band 0.50 percent-0.75 percent to 0.75 percent-1.00 percent,” predicted Inman writer Lou Barnes on Friday. That’s a 0.25-percent hike.
Sure enough, at its meeting today, the Federal Reserve governors voted to raise interest rates by 0.25 percent, to 0.75 percent to 1.00 percent.