Insights for Navigating an Uncertain World
Octavio Costa: “This may be one of the most important charts in the current macro environment. Mortgage rates now approaching 7.5% is like tightening a belt until you can barely breathe. Buyers are priced out, sellers stay put, and residential construction slows. This makes government intervention increasingly likely, in my view. None of us own enough hard assets.”
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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