Mortgage Rates have almost doubled since the beginning of the year, that should help lower demand for housing and increase supply some. Jerome said yesterday that getting inflationary pressures down is their current top priority.
American family balance sheets are in relatively strong financial shape especially for those able to refinance their home mortgages at 50 year lows.
People also seemed to have saved more as well but remain cautious about the future.
A genie gave me 3 wishes, I wished for: Health, Happiness, and a copy of the WSJ, one year from now;-) !
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