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The Real Estate News Brief: Testimony from the Fed Chief, Home Price Forecast, Rent Growth Rebound
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:06:42
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In this Real Estate News Brief for the week ending March 4th, 2023... the Fed Chief's testimony before Congress for the current week along with a forecast on home prices and what national rent growth is doing for single family homes and multi-families. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with comments from Fed Chief Jerome Powell about the central bank's fight against inflation. He spoke before the Senate Banking Committee and the House Financial Services Committee on March 7th and 8th. Bloomberg reports that he softened his tone slightly on the second day, saying that Fed officials will wait for new data on Jobs and inflation before they decide on the size of a rate hike when they meet later this month. He did say the rates will likely go higher than previously anticipated, but that depends on the new data and whether it indicates that the economy is still running hot. (1) Recent econo