Loading ...The problem is housing prices are already too high. When even Florida according to what Pinto is seeing watching housing prices falling and everyday he sees the houses cutting prices it’s freezing up. Less they can buy cash they don’t want to let go of their lower interest rates that’s true but that only helps sellers with equity who want to move pretty much.
The Fed though will only do what’s good for the Fed and the banks. Either way wages can’t support inflation or deflation and higher rates.