Unintended Consequences: US Housing Bubble Edition

Unintended Consequences: US Housing Bubble Edition

Ostensibly, record-low mortgage rates help make homes more affordable, but surging prices have put homeownership out of reach for many Americans. Or at least that's one way to view the situation, looking back on a year that saw pandemic effects collide with rock-bottom borrowing costs to inflate what some fear is a new housing bubble in the US. I can't imagine anyone arguing that the Fed should have read the tea leaves nine months ago and preemptively redesigned asset purchases or otherwise re
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.