The Housing Bubble Popped, and the Fed Can Let it Rip
by Wolf Richter, Wolf Street: Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are. So we have a weird situation. Not weird actually. Just reality. After mind-boggling ridiculous spikes, home prices in most markets are dropping, and in some markets, they’re plunging at […]
