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The Real Estate News Brief: Fed’s Latest Rake Hike, 2023 Top Markets, Airbnb’s “Live Like a Hobbit”

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In this Real Estate News Brief for the week ending December 17th, 2022... the Fed’s latest rate hike, a 2023 top market forecast, and where you can “live like a hobbit” on Airbnb.   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 economic news from this past week. As I mentioned in an update a few days ago, the Fed hiked short-term rates once again. This time, it was a half point increase. The previous four increases were three quarters of a point. That brings the federal-funds rate up to a range of 4.25% to 4.5%. The Fed’s effort to stop inflation is expected to go as high as 5.25%. Several Fed officials expect rates to go even higher. Fed Chief Jerome Powell says of the need for more rate hikes: “We’re going into next year with higher inflation than we thought.” This is expected to increase the risk of a recession. (1)   The Fed’s decision on rates came a day after the latest report on consumer