Powell said he wanted a housing correction - he's getting his wish. “Six months ago, people were buying homes over-ask and with no appraisal. They didn’t even bat an eyelash. Now, it’s like crickets" Tweet added by Vital Knowledge Media @knowledge_vital

Vital Knowledge Media

2 years

Powell said he wanted a housing correction - he's getting his wish. “Six months ago, people were buying homes over-ask and with no appraisal. They didn’t even bat an eyelash. Now, it’s like crickets"

The Luxury Home Market Posts Its Biggest Decline in a Decade. ‘It’s Like Crickets.’

After a pandemic-induced bull run, the high-end market has finally faltered thanks to inflation, recession fears and rising interest rates.

www.wsj.com

Replies

Big Fudge Capital LLC

@BigFudgeCapital

2 years

@knowledge_vital @carlquintanilla “I don’t car the house is worth double in the last 2 years, and that were in a asset bubble, i want a low interest rate” ☠️