Why Has the Current Federal Reserve Tightening Cycle Been So Tough on Existing Home Sales?
Former JPMorgan Chase Global Chief Economist & Current BrightQuery Chief Economist (Ph.D. in Economics)
Several factors have worked in unison to suppress U.S. housing activity. The weakness can be seen by observing that Existing Single-Family Home Sales (September 2023) have plunged to their lowest levels since 2010.
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