[cranked]

7.069 on 30 year fixed.

Yeah, you do your thing so-far-behind-the-curve-not-even-funny-anymore PowellIdiot.

[frogjerk]

YAHOO: Don’t worry, the disaster about to wipe you out won’t be as bad as the last time the government wiped you out, probably...

[unclebankster]

The bankers are doing their jobs.

The job of getting the bloat out of the equities & real estate markets.

[NWFree]

Like I can believe anything yahoo prints

[Roadrunner383]

A drastic slowdown in the housing market means a big slowdown, and layoffs, in the contruction industy, a big slowdown in sales of appliances and other home furnishings (layoffs in retail stores and in manfucturing). Meanwhile, the media will be spinning like crazy, telling us we’re not in a ‘real’ recession.

[Theoria]

The problem with housing that JPowell will face is that he's been making the dollar stronger. Foreigners will reap the benefits of bringing back their hoarded USD to the US market and buy up even more distressed assets, thus preventing some of this freefall. Not only that, but Hedgies, China, Multinationals, etc have also been proping up the market. RIP the yooth, they get to compete against all of that in a downturn economy while trying to get a mortgage.

[Macoozie]

House prices need to be cut in half,
or salaries doubled.

That’s how skewed it all is right now.

2.5 - 3 times annual salary for a modest house, NOT condo or TownHouse, with a 5% mortgage.

That world my Fine Featherd Fiends is a land from long ago, and far, far away.

[ncalburt]

I always Believe a probably CCP plant named Jin Pan at Yahoo Left Wing
Biden news network .

[Trumpisourlastchance]

It’s not the job of an unelected private bank to regulate home prices.

They destroyed the value of our cash savings and are now wrecking our assets’ value. Part of the Reset/GloboHomos/Soros/Schwab plan.

[Chode]

the housing market?

NOT the inflated cost of materials and labor... OK!!!

good luck wi that

[Jonny7797]

Fed gov and the fed itself have screwed all americans one way or another by devaluing the dollar consistently for the last 50 years. I dont care which markets go cold, or what’s hot, the simply fact is the value of the dollar is shit thanks to their actions.

[jimpick]

Maybe get the price of oil down first. Plastic pipe, shingles, vinyl siding, nylon carpet all made with oil. All needed in a house. All the materials shipped in with diesel or gas.

But hey let’s go after the fairy godmother to get it under control.

[FLT-bird]

I and some others I know refuse to buy after the ridiculous run up in house prices over the last two years. I’m waiting for a lot of the air to go out of that balloon before I buy. In a year or two I’ll be able to get a much better value than I could now.

[kenmcg]

If Powell and the rest of the half wit pundits, and politicians shut their mouths the economy would be fine.