Bob has had a steady grip on the real estate market – his opinions tend to be among the most level-headed of all the prognosticators. He says we are coasting upward, and that the bump in mortgage rates isn’t a turning point:
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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/