Federal Reserve Chair Jerome Powell abandoned his “transitory” inflation narrative months ago and has since steered the central bank toward its tried-and-true playbook for taming inflation: Raise interest rates until demand recedes and soaring price growth abates.
The National Association of Realtors (NAR) estimates millions of Americans have been priced out of the housing market since January as sky-rocketing mortgage rates spark an affordability crisis.
Newsfeed: “Extraordinary” – US Consumer Prices Soar At Fastest In Over 40 Years Read More »
U.S. consumer prices rose in March by the most since late 1981, underscoring the painfully high cost of living and reinforcing pressure on the Federal Reserve to raise interest rates even more aggressively.
Newsfeed: U.S. Inflation Quickens to 8.5%, Ratcheting Up Pressure on Fed Read More »
Tesla Inc. CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) last month advising followers to own “physical things” when inflation is high.
The National Association of Realtors (NAR) estimates millions of Americans have been priced out of the housing market since January as sky-rocketing mortgage rates spark an affordability crisis.
After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.
Newsfeed: The Pandemic-Driven Second-Home Boom Is Coming to an End Read More »
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Podcast: Ask The Guys – Harvesting Equity, Holding Title, and Short Term Rentals Read More »
Over the last several weeks, readers have become aware of an emerging housing affordability crisis as US mortgage rates continued their near-vertical ascent, risks jeopardizing the housing market boom.
Newsfeed: Cracks Appear In Housing Market As Sellers Begin To Lower Asking Prices Read More »
Inflation has turned from transitory to pernicious, with some economists even raising the specter of a 1970s-style wage-price spiral.
Investors are buying more U.S. farmland in search of a hedge against inflation, as the Russian invasion of Ukraine is driving world food prices to record highs.
Newsfeed: Farmland as an Investment Read More »