
Higher interest rates shouldn't slow the Queens,Brooklyn real estate housing market
If you’re saving up to buy a new home, you’ll need a lot more of it in 2017. On Wednesday, the Federal Reserve announced a 25-basis-point hike in its benchmark federal funds rate and indicated that it expects three further increases in the coming year. The decision was long-delayed, coming a full year after the Fed’s first quarter-point raise in a decade last December. Among the reason’s for the Fed’s hesitance to pull the trigger were fears that higher interest rates would t