US real estate market has recently shown itself to be VERY interest rate sensitive. In 2018 30-year mortgage rates rose by about 100 basis points -> growth in unit sales of new homes plunged! Homebuilder stocks lost a third of their value. A warning?
ft.com/content/3ee34c… https://t.co/56U7IpVYjD
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…