Interest is the Variable
The FED has to correct for inflationary pressure with lending rates; that and printing money are the only tools they have. When interest rates are raised, after Yellen gets out of the way, purchases and purchasers will be pressured to close and then slow. That said, home prices won’t necessarily drop because of the pressure and because of the supply chain issues created. Labor rates for new construction, lack of availability, lack of building supplies and demand will make prices slowly increase. The stock market won’t necessarily have much of a say I afraid. What you see now, will only go higher. History only seems to repeat itself. House prices never really declined after the 70’s either.
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.. though we cannot, while we feel deeply, reason shrewdly, yet I doubt if, except when we feel deeply, we can ever comprehend fully."—Ruskin
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Last edited by Normal; 10-23-2021 at 02:39 PM.
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