
What does the Fed decision mean for real estate?
U.S. Federal Reserve Chairman Janet Yellen listens to a reporter's question during a news conference to announce raised interest rates in Washington December 16, 2015. REUTERS/Jonathan Ernst JONATHAN ERNST The two-story bungalow you have your eyes on in North Park will not drastically rise in price, or be more difficult to get a mortgage for, because of the latest moves by the Federal Reserve. Last week, the Fed increased a key rate by a quarter-percentage point that has play