US rates held again

The US Federal Reserve has announced that there will be no change to its Federal Funds rate, which is to stay at a range between zero and 0.25 per cent.

In its monthly monetary policy meeting, the Federal Open Market Committee stated that it was keen to help the housing sector grow by keeping the rate low, something it felt it could do as inflationary pressures appear to remain low.

The body also said that the economy in the country is showing some positive signs of growth, with encouraging aspects including the rise in the number of housing transactions, as well as a stabilisation of money markets.

Such factors may encourage those looking to buy property in the US.

Earlier this week, it was suggested that golf property may be an attractive proposition for investors, due to the scenic nature of the surroundings on such resorts.

Buyer of such a home in Sarasota, Florida Jane Rees told the Daily Telegraph that she dislikes golf but enjoys the local environment.

It is also less crowded and more secure than living on a waterfront location, she noted.

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