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In this Real Estate News Brief for the week ending October 23rd, 2021... the Fed’s new rate hike schedule, a new wave of foreclosures, and a rent growth surprise for some single-family homes. 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 with comments from Fed Chief Jerome Powell. It looks like the timeline for interest rate hikes has been pushed up again. Last month, there was more of a debate as to whether it would happen in 2022 or 2023. Powell indicated that conditions for a rate hike would probably be reached next year. That includes the Fed’s goal of maximum employment. The inflation requirement has already been met. That’s when inflation remains above 2% for a sustained period of time. Powell also said that now is the time to begin tapering the Fed’s bond-buying strategy. Policymakers will discuss a tapering plan next month. Jobless claims fell to a fresh pan