Home prices cooled at a record pace in June, according to housing data firm
NBCAPR 3 2022
With no way to predict the Fed's last-minute actions, Americans who bought a home in the last couple of years could very well get crushed by this housing market. If unemployment rises, the Fed's dangerous balancing act will topple over, and both buyers and sellers will be left out of a market that has seemingly only taken from the poor and given to the rich.
With the housing crisis admittedly playing a major role in dragging us into a recession, it will also play a role in pulling us out. Loan rates have likely peaked despite predictions of more Fed interest rates, which will only decline along with home loans, making it easier for Americans to get back to normal in the near future.