by Calculated Risk on 6/15/2022 04:25:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Fed Chair Powell: "Homebuyers need a bit of a reset"

A brief excerpt:

Here are some interesting comments on housing from Fed Chair Jerome Powell today. This is a quick transcript - sorry for any errors - the video is here and the discussion on housing starts around 1:51:00.
...
Powell: ...

"I'd say if you are homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset.   We need to get to back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again.

This will be a process were by ideally, we do our work in a way were the housing market settles in a new place.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/