A civil discussion on the overall housing market:
Housing in General
by Jim the Realtor | Apr 14, 2011 | Market Conditions | 6 comments
by Jim the Realtor | Apr 14, 2011 | Market Conditions | 6 comments
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FOMC Minutes "Near-term inflation outlook had deteriorated" https://www.calculatedriskblog.com/2022/07/fomc-minutes-near-term-inflation.html
"the near-term inflation outlook had deteriorated since ... the May meeting."
"participants judged that an increase of 50 or 75 basis points would likely be appropriate at the next meeting."
Goldman: The peak for core PCE inflation has likely peaked. The goods inflation surge caused by shortages and rising commodity prices should moderate.
But "we expect year-on-year core CPI inflation to meaningfully reaccelerate in late summer" before falling to 5.5% in December.
Well put. In other words, buying a home isn’t for everyone.
Schleprock Perma-Bear
He is trying to make a case for principal reductions by painting such a bleak picture. Since other programs haven’t worked for their intended purposes, is this really the time to experiment something as controversial as PD?
10% of homeowners with mortgages not making their payments – explains why the economy is still kind of functioning, with all that old mortgage money that can now be spent on other things.
It pays to consult a Realtor (capital R).
Good find, Jim.