Pantheon Macroeconomics

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21st Mar 2022 00:30U.S., Daily Monitor, Weekly Monitor

  • Home sales have much further to fall as the surge in rates bites; payments are up 27% since September.
  • Falling sales will hit economic growth, at the margin, but rising supply will dampen price gains...
  • ...And slowing price increases eventually will feed into slowing rent inflation, but likely not until next year.

cpi cpi inflation energy existing home sales fed home sales homebuying season housing market March mortgage mortgage applications mortgage payments price increases rent rent inflation savings u.s.

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Keywords for: The Housing Market is Starting to Roll Over; Soaring Rates are Hurting

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