In this article, you will get all information regarding Fed to reset the U.S. housing market through a ‘difficult correction’ – 2UrbanGirls

WASHINGTON – Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. In the months since, economists have openly questioned what Powell meant by a housing “reset.”

Does the Fed simply want buyers to back off long enough to allow inventory to rise? Or does “reset” mean the Fed also wants home prices—which spiked 43% in just over two years—to come down? On Thursday, Powell tried to clarify in a long-winded response.



Fed to reset the U.S. housing market through a ‘difficult correction’ – 2UrbanGirls

For more visit computernetworktopology.com

Latest News by computernetworktopology.com