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To all the homebuyers dreading the toxic mix of low inventory and 8% mortgage rates, how does a cooling economy and a 7.4% rate sound?
Given the importance of housing to overall activity, subdued residential construction should limit how fast the economy can grow, though not enough to trigger a recession over the next couple of quarters.
Market pricing, verbal cues from Federal Reserve members and the likely evolution of the economic data over the next couple of months all point in the same direction — the
Market pricing, verbal cues from Federal Reserve members and the likely evolution of the economic data over the next couple of months all point in the same direction — the
I speculated early last month that the resale inventory picture could turn in the fall. The data that has come in since then give me more confidence in that hunch.