The US housing industry is dealing with a historic low in inventory, a crisis that is not likely to be fixed in the short term. As a result, the industry has asked the Federal Reserve to pause any further interest rate hikes, though the eventual outcome remains to be seen.
The housing industry’s plight comes at a time of market volatility, in which many investors are uncertain about the rise and fall of both the housing market and the stock market. How long the market volatility will last remains one of the greatest questions of the current market. It’s not just the housing industry that’s concerned with this uncertainty; large financial institutions are also concerned with the economic impact of a stalled housing industry.
Key Points:
• Housing industry struggling with low inventory
• Industry has asked the Federal Reserve to pause further interest rate hikes
• Market volatility causing uncertainty in the stock market
• Financial institutions concerned about the economic impact of a stalled housing industry
You can read this full article at: https://www.housingwire.com/articles/the-fed-is-not-done-with-rate-hikes-even-as-the-housing-industry-begs-for-mercy/(subscription required)
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