Ali Wolf discusses home prices dropping, mortgage rates rising, and consumers backing out of contracts.
Ali Wolf reported to Bloomberg Markets this week on the housing market segment of “Triple Take”. “For the past two years we’ve been driven by the fear of missing out (FOMO),” said Wolf. “Now we have the fear of buying at the top (FOBATT).” Watch the interview today to learn more about the cooling housing market.
Wolf also reported to NPR Marketplace, saying, “We saw home prices rise really fast. Inventory levels were very low. There was massive panic to buy a home in these markets. And now it appears that the fever has broken.” Watch the interview to learn more.
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Chief Economist