Reported 8 months ago
MacroPolicy Perspectives founder and president Julia Coronado warns that the Federal Reserve risks facing a 'binding bottleneck' in the housing sector if it does not take action on rate cuts soon. Coronado explains that high rates impede housing supply, leading to excess supply of multifamily housing and downward pressure on rents. She suggests that the Fed needs to initiate a series of rate cuts to avoid a shortage in housing supply over the next few years, emphasizing the importance of a healthy housing market for the US economy.
Source: YAHOO