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Good Job, Fed! US Housing Market Now Red Hot With 2007-Style Speculation

Summary:
The housing boom sparked by the Federal Reserve during the virus pandemic was built on historically low mortgage rates (thanks to Powell), and accelerated by a combination of record low inventory as city-dwellers moved to rural areas amid remote-work phenomenon. https://www.zerohedge.com/markets/housing-market-euphoria-craziest-decades-inventory-sinks-new-low

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The housing boom sparked by the Federal Reserve during the virus pandemic was built on historically low mortgage rates (thanks to Powell), and accelerated by a combination of record low inventory as city-dwellers moved to rural areas amid remote-work phenomenon.

https://www.zerohedge.com/markets/housing-market-euphoria-craziest-decades-inventory-sinks-new-low

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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