Home Prices Plateauing, Rents Catching Up

Home Prices Plateauing, Rents Catching Up

September 06, 2022
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The housing sector surged during COVID in large part due to loose money.  The Federal Reserve kept short-term rates artificially low and the M2 measure of the money supply soared.  Now, with rising short-term rates and slower growth in M2 sending mortgage rates higher, the housing sector has a bad case of indigestion.  Sales are down, construction is down, and the most recent reports on home prices show a sudden and sharp deceleration.

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