La Jolla Real Estate: La Jolla Luxury Homes

La Jolla homes  are priced to sell, in neighborhoods such as La Jolla Farms and La Jolla Shores, to name a few places where you can get a good deal on a home. Now the Feds have cut the rate by .75 percent after a global sell off, now is the best time to invest shop for La Jolla homes for sale and to invest in Real Estate as a whole.

In a surprise move, the Federal Reserve has cut the federal fund rate by .75 percent down to 3.5 percent after a global sell off occurred in overseas markets. The Martin Luther King day holiday had US markets closed allowing the Fed to take this preemptive move.

It will be interesting out there when the market opens. Analysts were calling for as much as a 500 point drop at the open in the DOW Industrial Average.

The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent.
The Fed action was the most dramatic signal it can send that it is concerned about a potential recession in the United States. It marked the biggest one-day move by the central bank in recent memory.
The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession.

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