Quote:
Originally Posted by Timothyimitchell
As long as mortgage rates are low, homes will remain as high as the demand. The real question is how much longer the FED can manipulate the marketS!! Yes, plural.
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For sure, I question that too! We saw the primary pressures of inflation on used cars. They account for a little over 1/3 of our reported numbers for June. The Fed is right to wait, but when will they see the “Whites in their eyes” and pull the trigger? Will it be a rifle, shotgun, cannon or nuke?
If fuel prices continue an upward trend, that will drive the economy and inflation to a breaking point. We can then all open up our Billy Beer can stash and reminisce about which was worse, the 70s or now.