Fed’s Recent Rate Hike Was Unnecessary Says NAR Chief Economist
Lawrence Yun discussed real estate issues, trends and provided forecast at 2023 Realtors Legislative Meetings
Lawrence Yun discussed real estate issues, trends and provided forecast at 2023 Realtors Legislative Meetings
The new range of 5-5.25 percent is the highest since September 2007
The move brings the policy rate to the highest point since 2007
The move marks a third straight rate increase in the battle against the fastest inflation in decades
The move is the largest since May 2000. So what does it mean for the housing market?
Driven by housing costs and supply chain struggles, inflation has jumped to the highest level in nearly 40 years
The Q2 numbers reflect a 4.3 percent—or $5.8 trillion—increase
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