By Naveen Athrappully Around 56,000 home purchase agreements were called off in August, with deals falling through more frequently due to buyers and sellers unwilling to compromise on their demands, real estate brokerage Redfin said in an Oct. 7 statement. The cancellations accounted for 15.1 percent of homes that went under contract in August. The […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
