Mondays Equinox Ends Summer But The Fed Signals Heat

Mondays Equinox Ends Summer But The Fed Signals Heat

 For astronomers and TV weather forecasters, this Monday marked a red-letter day. It now seems as if the same could be said for St. Cloud’s market prospects.

In the wee hours, the Sun arrived at one of the two places in every year where its path across the sky crosses the celestial equator (the imaginary line above Earth’s equator). Of course, for St. Cloud residents, the reality is that it’s pretty much a non-event. Weather-wise, the equinox is an abstraction. The change of seasons creeps slowly, day-by-day, Monday being no exception.

Still, at Tuesday’s dawn, the last day of St. Cloud’s summer has passed. Whether you call it ‘autumn,’ ‘fall,’ ‘Indian Summer,’ or anything else, the new season is upon us.

And in St. Cloud real estate terms, it brings new reason to suspect that this fall could be a busy one. One indicator came last week, as Reuters noted that U.S. home sales “unexpectedly rose to a 17-month high” in August.

More directly, last week’s second straight cut in the fed funds interest rate augurs well for St. Cloud sellers and buyers alike. With lower St. Cloud mortgage rates “continuing to encourage buyers off the sidelines” (Reuters), it wouldn’t be surprising if the market continues to heat up. Despite the Sun’s ducking down past the Equator, it looks to be a propitious time to buy or sell St. Cloud homes. That makes it an equally propitious time to give me a call!

White and Brown Concrete Building

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Noel Johnson Headshot
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Phone: 320-980-3100
Dated: September 23rd 2019
Views: 119
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

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