, sells for $292,000, according to Realtor.com; homes are on the market an average of 22 days.
Jerome Powell addressed the housing crisis during his press conference on Wednesday after the rate decision was released. — 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." "It’s not like the rental market isn’t having the same problem. Prices are up for both for sale and for rent. Consumers are pushing, though, getting adjustable rates, [fewer] bedrooms — expectations are being adjusted." He also says he’s worried that home prices won’t come down.
Covington, Kentucky, USA: A sign welcoming visitors to the state of Kentucky near the Ohio border, on April 22, 2016.
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