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Soaring interest rates create 'barrier to the American dream': Former investment banker

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Carol Roth, a former investment banker and author, argued that rising interest rates are creating a “barrier” for those pursuing the American dream.

Barron’s associate editor Andrew Bary weighs in on the real estate market and provides an outlook for home-improvement stocks.

The 10-city composite saw an annual increase of 17.5% year-over-year in January, up from 17.1% the previous month, while the 20-city composite grew 19.1% year-over-year, up from 18.6% in the previous month. On a monthly basis, the 20-city index climbed 1.4% in January when non-seasonally adjusted and 1.8% when seasonally adjusted.

Sixteen of the 20 cities reported higher price increases in the year ending January 2022 versus the year ending December 2021, led by Phoenix, Tampa, and Miami.

 

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No better than a CNN statement

Really? 5% rates is cheap money

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