In Louisville, Kentucky, the real estate market may be changing

, sells for $292,000, according to Realtor.com; homes are on the market an average of 22 days.

Jerome Powell addressed the housing crisis during his press conference on Wednesday after the rate decision was released. — you need a bit of a reset. We need to get to back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again." "It’s not like the rental market isn’t having the same problem. Prices are up for both for sale and for rent. Consumers are pushing, though, getting adjustable rates, [fewer] bedrooms — expectations are being adjusted." He also says he’s worried that home prices won’t come down.

Covington, Kentucky, USA: A sign welcoming visitors to the state of Kentucky near the Ohio border, on April 22, 2016.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New data shows the hot Southern California housing market may be cooling offThe hot housing market in Los Angeles might be coming to a halt, according to the latest research into real estate trends. Recession dead ahead Sellers be realistic pricing now. It’s only going to get worse Lol
Source: CBSLA - 🏆 552. / 51 Read more »

Home sellers cut asking prices as market coolsThe U.S. housing market may finally be cooling off. Prices will drop 30 percent in 12 months
Source: FOXLA - 🏆 445. / 53 Read more »