US home construction drops 30.2% in April as virus rages
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Day: May 19, 2020
Grim warnings from Powell and the Fed push rates on home loans to new low
Even as building slows, the Fed is pumping purchasing power into housing. Short supply plus increased purchasing power could put upward pressure on prices. Of course, it all hinges on demand … will buyers be willing to take on a mortgage in such an uncertain jobs market? After all, even a zero percent mortgage payment …
Grim warnings from Powell and the Fed push rates on home loans to new low Read More »