AgentIndustry News

Home prices threaten Fed balancing act

Construction frenzy magnifies home-price risk
Published on Jun 30, 2006

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by CareyBot

The latest mortgage run toward 7 percent has stalled ("retreat" is too strong) because of yesterday's shift in one Federal Reserve phrase: on May 10 economic growth was "likely to moderate"; but as of yesterday, "growth is moderating."

If so, then the inflation threat will also moderate, though with a lag of several uneasy months ...

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