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In this Real Estate News Brief for the week ending November 5th, 2022... the Fed’s latest rate hike, why the housing inventory is surging, and what one big bank is doing to help landlords collect rent. 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, and another jumbo rate hike by the Fed. For the fourth time in a row, the central bank raised the Federal Funds rate by three-quarters of a point. That brings the short-term rate to a range of 3.75 to 4%, which is the highest it’s been in 15 years. And the Fed says that rate hikes aren’t over. They will continue until inflation comes back down to about 2%. Fed Chief Jerome Powell suggested that smaller hikes of a half or quarter point “are coming” and that at some point “it will be appropriate to slow the pace of increases” but they are now expected to top out around 5% before the Fed accomplishes its goal. (1) (2) Econo