confoundedinterest17
Uncategorized, Wages, Mortgage, GDP, Treasuries, Fed, Inflation, ECB, REITs, Housing, Treasury, Yellen, New Home Sales, Powell, Economy, Gold, Yield Curve, fannie mae, Freddie Mac, Silver, Existing Home Sales
February 28, 2023
1 Minute
US housing is simply unaffordable.
Janet Yellen and The Federal Reserve held rates too low for too long and now we are paying for it. Now, after a massive run-up in home prices, The Fed is raising rates helping make US housing the most unaffordable in history (or at least since the early 1980s).
And negative real wage rate growth for 22 straight months isn’t helping!
Like this:Like Loading…
Related
Published by confoundedinterest17
View all posts by confoundedinterest17
Published
February 28, 2023