Fed Rate Cuts Raise Rates & Cut Home Prices
The Fed Cuts, Rates Get Higher... we noticed, Bloomberg noticed and now the Fed notices in Senate testimony...Bennie & The Ink Jets:
"More-expensive and less-available credit seems likely to continue to be a source of restraint on economic growth.
The outlook for the economy has worsened in recent months, and the downside risks to growth have increased."
March 18th expect a small 25 bps cut to 2.75% and market disappointment.
The Fed Cuts and Home Prices Decline...
According to the National Association of Realtors, Q4 median home prices fell 5.8% compared to last year...
as 77 of 150 metro areas had price declines including 16 with double-digit drops.
The West was hit the hardest with a 8.7% slide, while the Midwest performed the best with a 3.2% loss.
The median home price in Lansing, MI fell most, a 18.8% decline.
"More-expensive and less-available credit seems likely to continue to be a source of restraint on economic growth.
The outlook for the economy has worsened in recent months, and the downside risks to growth have increased."
March 18th expect a small 25 bps cut to 2.75% and market disappointment.
The Fed Cuts and Home Prices Decline...
According to the National Association of Realtors, Q4 median home prices fell 5.8% compared to last year...
as 77 of 150 metro areas had price declines including 16 with double-digit drops.
The West was hit the hardest with a 8.7% slide, while the Midwest performed the best with a 3.2% loss.
The median home price in Lansing, MI fell most, a 18.8% decline.
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