US mortgage rates will create ‘dire’ situation for real estate market, expert warns

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

A 'dire' real estate situation will 'take longer this time' to hit the U.S. market than before, according to TJM Institutional Services managing director James Iuorio.

The U.S. real estate market could be headed towards a"dire" situation, TJM Institutional Services managing director James Iuorio said on"Mornings with Maria" Tuesday, August 22, 2023.

Fed Chair Jerome Powell has yet to be tested, according to Iuorio, calling out the central bank for having a little too much "confidence." "There's never been a really material pullback in the stock market that would make him wonder if he's doing the right thing. So I think that that's a big risk to the market," the market analyst said. "I do think we're in a corrective phase, and I think that plays right into it."

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 458. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen