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Home prices are now falling, piling on the Fed pivot from near and dear to the FOMC (models).

Eurodollar University

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Are We Going to See Housing Prices Rebound?

Housing prices fell 0.7% month over month in August, following a 0.6% decline in July. The wealth effect that is as was proved in the last housing bust may be a little bit more than just a quarter off of GDP. Despite the focus on the unemployment rate by the Fed and in the media, the labor market has now become more and more uncertain.

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