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Will The Fed Get Their Soft Landing? | Weekly Round Up
Forward Guidance
The Resilience of Housing in the Housing Cycle
Housing has been considering the rise in mortgage rates it's been remarkably resilient, I would say. The wealth effect so most of people's wealth is tied up in their home. So when they feel less wealthy they spend less and that has downstream effects. Once that starts to happen, then the next, the next impact of that is a decrease in sort of profit margins right? That's what we've missed thus far in this cycle.
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