Tom Hoenig, president of the Federal Reserve Bank of Kansas City, continues to lead the charge for increasing the federal funds rate, saying he would like to raise it to 1% by the end of summer. At a Thursday speech hosted by the Chamber of Commerce in Bartlesville, Okla., Hoenig said periods with interest rates too low can lead to the buildup of new financial imbalances.
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.