Real Estate 01/02/16

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RealEstate

INSIDE: Fun & Games and Comics

Saturday, January 2, 2016

YouTube co-founders Chad Hurley, left, and Steven Chen, pose with their laptops at their office loft in San Mateo, Calif. Social media was just gaining traction when the U.S. Federal Reserve last raised interest rates in June 2006, before its decision Wednesday, Dec. 16, 2015, to hike its main interest rate from near zero record lows. Twitter, for example, was barely three months old. AP Photo/Tony Avelar, File

GETTING STARTED

The Fed has raised interest rates: What do millennials need to know? BY CAROLYN BIGDA  CHICAGO TRIBUNE

At long last, the Federal Reserve has raised its benchmark interest rate. But the impact on savings accounts and loans won’t be big, at least for now. With the December hike, the federal funds rate — which has hovered near zero for the past

six years — increased by just a quarter of a percentage point. “We’re talking about a baby step,” said Greg McBride, chief financial analyst at Bankrate. com, which tracks banking trends. Bigger changes could come in 2016, though, if the Fed

continues to raise rates, as many expect. With that in mind, here is what young savers and borrowers should know and do now. CASH DEPOSITS: Most savings accounts pay a fraction CONTINUED ON PAGE 2

FEATURED HOME OF THE WEEK

FEATURED HOME OF THE WEEK

CELEBRATE WITH A BRAND NEW HOME FOR 2016

STUNNING COLORADO CONTEMPORARY

Move-In Ready Homes | From the low $200s THE VILLAGE AT FALCON Front Yard Landscaping w/Fence • Sprinklers Lawn Care • Snow Removal 11405 Neutra Grove Virginia Zenner 719-440-6591 / Jim Stiltner 719-964-3526 Models Open Daily until 5 p.m.

The Village at Falcon is conveniently located near Woodmen Rd. and Meridian Rd., offering a collection of affordably priced new homes. Just minutes from Peterson and Schriever AFBs, this community is located in award-winning Falcon School District 49 and offers easy access to downtown Colorado Springs, the Colorado Springs Airport, and all the shopping, dining, and entertainment located along the Powers corridor. MasterBilt.com

Located at Hwy. 83 & Flying Horse Club Drive.

4659 Stone Manor Heights | $1,195,000 BY APPOINTMENT ONLY Neighborhood: Southwest Agent/Company: Tyra Sandoval, 719-330-9440, ERA Shields Real Estate

Located in the Broadmoor Resort, this ranch-style home offers an artistic open flair with a personality unique to this area. Grand 2-story entrance with wall of windows tastefully designed for a bright open living space. Features include travertine floors, stainless steel ribbon stair rail, and double sided fireplace with floor-to-ceiling stone hearth. The deck spans the entire length of home with not only city and mountain views, but sunshine all year round, offering serenity and beauty throughout the entire space.

STAY. PLAY. LIVE. LodgeAtFlyingHorse.com

FlyingHorseClub.com

FlyingHorseColorado.com


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