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Powell Predicts Housing Market Correction As Existing Home Sales Decline For Seventh Straight Month
msn ^ | 09/22/2022 | Vance Cariaga

Posted on 09/23/2022 3:47:33 AM PDT by millenial4freedom

Powell made his comments at a news conference following the Fed’s decision to raise its benchmark interest rate by 75 basis points in its ongoing quest to tame inflation β€” the third straight time rates have been hiked by that amount. His comments also came on the heels of the National Association of Realtors’ latest home sales report, released on Wednesday. That report found that existing-home sales experienced a slight dip in August 2022 β€” the seventh straight month of declines. Year-over-year sales fell in all four major U.S. regions. Despite slower sales, housing prices have continued to zoom higher in 2022 as the supply of new homes lags in demand.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Local News; Society; Weird Stuff
KEYWORDS: economy; fed; housing; interestrates; realty; stockmarket
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To: SaveFerris

Prayers up and best of luck!


21 posted on 09/23/2022 1:13:41 PM PDT by Adder (ALL Democrats are the enemy. NO QUARTER!!)
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To: Adder

Thank you and God bless you!


22 posted on 09/23/2022 2:56:53 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

I just saw this.

Sending prayers that your job hunt is successful! πŸ™


23 posted on 09/24/2022 8:51:06 AM PDT by ConjunctionJunction (Vim vi repellere licet)
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To: ConjunctionJunction

Thank you!

I appreciate everyone’s prayers πŸ™πŸ™πŸ™πŸ™πŸ™.

God bless all of you,!

βœοΈπŸ›βœοΈπŸ›βœοΈπŸ›βœοΈπŸ›πŸ™πŸ™πŸ™


24 posted on 09/24/2022 9:13:49 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: millenial4freedom

Biden and goons have bankrupted the country. We can’t pay the debt off at a four or five percent rate. But if we don’t, other countries holding our debt will call it in.

What a mess.

Seems Biden and goons did this on purpose...


25 posted on 09/24/2022 9:25:12 AM PDT by GOPJ (STOP "PROCESSING" ILLEGALS. Democrats will use that as proof of 'documentation'. )
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To: SaveFerris

You’re in my prayers.


26 posted on 09/24/2022 9:57:18 AM PDT by GOPJ (STOP "PROCESSING" ILLEGALS. Democrats will use that as proof of 'documentation'. )
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To: GOPJ

Thank you. Please keep my cars, oddly enough, in your prayers as well.

Car rental agency took $950 out of my bank account yesterday but hasn’t returned the pre-authorization $950 yet.

So I’m out $1900 right now when it should only be $950. Sigh πŸ˜”.


27 posted on 09/24/2022 10:51:53 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

Will do.

Hang in there Ferris...


28 posted on 09/24/2022 9:11:38 PM PDT by GOPJ (STOP "PROCESSING" ILLEGALS. Democrats will use that as proof of 'documentation'. )
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To: GOPJ

Thank you


29 posted on 09/24/2022 9:45:14 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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