​Value Of US Housing Hits Record $50 Trillion, Up 7% In Past Year, Just In Time For Fed Rate Cuts – Tyler Durden

Value Of US Housing Hits Record $50 Trillion, Up 7% In Past Year, Just In Time For Fed Rate Cuts The Fed’s rate hikes were supposed to slow down the economy and, thanks to soaring interest rates, lower prices and make housing more affordable. That did not happen, and instead housing is now the least affordable it has been in US history. And while an entire generation of potential buyers will be forced to rent indefinitely, the flip side is that anyone who has been lucky enough to buy a house, is celebrating on a day real-estate brokerage Redfin reports…  — Continue at ZeroHedge News : Read More