Fed Chair Powell stated the Fed is creating a "bridge period" of "demand exhaustion". This is being interpreted as the Federal Reserve is killing the housing market. I get it. But what I see is first-time home buyers getting the reset, the break they've been needing and asking for. Plus, with the housing market as strong as it is... it's hard to justify a bust coming. I guess it's all how you look at it.
Please know: The Fed Rate and mortgage rate are not sisters, but they are cousins.This is what's been happening with the greed of home sellers, the FHFA, and banks.
It's all about perspective. Buyers have to be reminded of the strength in our housing market and that there is still opportunity!
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