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Hello Will... unfortunately the Fed, still under Yellin, helped get us in this pickle. I don't think they have a clue what they are doing and if rates are down somewhat it has to do with lack of demand and any improvement is not something the Fed can take credit for.
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Wanda Kubat-Nerdin - W...
St. George, UT
I have a few buyers who breathed a cautious sigh of relief, Will. Our inventory is still extremely low, so any increase in purchasing power is welcomed!
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Wanda Kubat-Nerdin - W...
St. George, UT
Good evening Will,
I agree with Nina Hollander, Broker ,
I don't think they have a clue what they are doing and if rates are down somewhat it has to do with lack of demand and any improvement is not something the Fed can take credit for!
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Nina Hollander, Broker
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
Unfortunately, the decisions the Feds are making impact them little to none but the buying consumer is burdened with that higher rate and many just cannot afford it! Hoping for better news in 2023, definitely not holding my breath.
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Nina Hollander, Broker
Charlotte, NC
Remember, he said "rates only go higher if economy can absorb it" = lack of demand.
I agree they will start slowing the pace of rate hikes as the comps are higher, resulting in a lower CPI. Really needs to get energy prices under control, it affects everything.
Hi Will - it certainly is a roller coaster. Markets don't like uncertainty.
I fear Powell and the Fed have already gone too far. I wish they would show as much caution with rates going up as they did when they were reducing rates. It seems as though they panicked after misreading the inflation numbers for so long.
I am working with a couple of buyers who are glad the rates came down "ever so slightly" but enough that it made a difference on their final outcomes. Not holding my breath to see what happens in 2023.
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