Just Listed 756 Page Street, A Nine Unit Apartment Building Located in San Francisco

Just listed 756 Page Street.  A nine-unit apartment building located in Hayes Valley, San Francisco.  Listing Price $4,400,000.  If you have any questions please call my office at (415) 625-2186.

Tour Times Are As Follows:

Tuesday, December 1st, 2015 @ 11:00 A.M. To 12:30 P.M.

Thursday, December 3rd, 2015 @ 2:00 P.M. To 3:00 P.M.

Friday, December 4th, 2015 @ 3:00 P.M. To 4:00 P.M.

Tuesday, December 8th, 2015 @ 11:30 A.M. To 1:00 P.M.

Wednesday, December 9th, 2015 @ 2:00 P.M. To 3:00 P.M.

Thursday, December 10th, 2015 @ 2:00 P.M. To 3:00 P.M.

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Will the Fed Raise Interest Rates in December?

In remarks to the House Financial Services Committee, recently, Janet Yellen, the chairwoman of the Federal Reserve Bank, said that “it could be appropriate” to raise rates at the Fed’s final policy meeting of the year, in mid-December. “At this point, I see the U.S. economy as performing well,” she said, noting the strength of domestic spending. If the good news continues, she said, “December would be a live possibility.”

The mandate of the Federal Reserve, the United State’s central bank, is twofold: to help steer the economy towards stable inflation and to promote maximum employment. In Yellin’s view, the Fed’s monetary policies which were put into operation after the economy bottomed out in 2008 – both in keeping interest rates low, which helps stimulate borrowing, as well as increasing the money supply by its large purchases of U.S. Treasury instruments – has succeeded in keeping inflation well below its mandated target of two percent. In addition, the U.S. unemployment rate dropped to 5.0 percent in October, its lowest since April 2008.

For the past seven years, the Federal Reserve held its benchmark interest rate, known as the Federal Funds Target Rate, which is the rate at which depository institutions (banks and credit unions) actively trade balances with each other, usually overnight, between zero and .25 percent. Should the Fed raise that short-term rate in December, long-term interest rates, such as savings rates offered by banks, as well as the costs of servicing debt such as loans and mortgages, will begin to rise accordingly – that means that creditors and savers will do better and debtors, worse.

Reaction to a possible rise in interest rates is mixed. Some politicians say that low rates are still helping to create jobs, and that real unemployment is still too high at 9.8 percent. Meanwhile, some economists and business leaders argue that the economy would benefit from a rate increase. Even members of the Fed’s Open Market Committee, which consists of the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents, and is responsible for key decisions about interest rates and the growth of the United States money supply, disagree among themselves: some argue that there is no harm in waiting until next year, while others insist the Fed should have moved already.

Many economists thought that the Fed would begin raising short-term interest rates this past September, but recent turbulence in emerging markets – particularly China – as well as falling oil prices, pushed back those expectations. It remains to be seen if there will, in fact, be any rate rise, this year, at all.