Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession
Realtor.com
DECEMBER 20, 2022
Last month, Federal Reserve Chair Jerome Powell said the COVID-19 pandemic market had been in a “housing bubble.” ” But it was likely rising mortgage interest rates, a result of the Fed hiking its own rates to bring down inflation, that most directly led to the real estate freeze. So prices climbed.
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