The report says that the Older Boomers moving a median of 30 miles from previous home is the longest distance of all categories. It does help explain why we have an inventory shortage – people don’t want to leave town.
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Jim Klinge
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BofA: "We generally take this print to endorse our Econ team's call for a 50bps rate hike in September ... This morning's data confirms that we have seen a peak in inflation and endorses our view that peak Fed hawkishness is likely behind us."
New post (Shiller on Home Prices) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/08/10/shiller-on-home-prices/