Fed Balance Sheet Approaching $8 Trillion, Real Estate Prices Continue To Soar! (So Much For Affordable Housing Policy!)

Stock Market

by confoundedinterest17

As I discussed yesterday, the Biden Administration is seeing an unprecedented surge in government spending under the auspices of fighting Covid. The Federal Reserve has responded to Covid by increasing their asset purchases to near $8 trillion. And with the ever-increasing asset purchases by the Federal Reserve, national home price indices and commercial real estate prices have soared.

Of course, mortgage interest rates have fallen pre-financial crisis levels over around 6.5% to 2.67% … until just recently when rates flared to 2.97%.

As I discussed in yesterday’s post “Stimulypto,” the US economy is red-hot (GDP growing at over twice the normal level) despite government shutdowns of state and local economies.

You Might Like

Articles You May Like

Exxon board member Jeff Ubben raises stake, as oil giant invests in carbon capture
Is J.P. Morgan Stock a Buy Right Now? This Is What You Need to Know
NFL player LeSean McCoy wants to build a real estate empire using opportunity zones
The Effects Of Remote Work On Real Estate Across The U.S.

Leave a Reply

Your email address will not be published. Required fields are marked *