Monday, January 11, 2021

Never happening.

Fed’s Bostic sees possible interest rate hike as soon as the second half of next year.

Exhibit A:

Metro Denver housing market running out of gas, economists tell agents.

"Eisenberg compared the Denver-area housing market to a driver who was going 65 mph heading into the pandemic, slammed the brakes and slowed down to 25 mph during the lockdown and then accelerated hard, reaching 90 mph until the engine couldn’t go any faster."

Currently, this describes all areas. Trump threw absolutely everything at this market. There is nothing left to throw. 

I posted a chart a few days ago showing how much demand was pulled forward. Now we get to see how that plays out. I'm guessing it's going to look like a cliff. But I hope to be wrong.

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