president. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the decision
in new york, we re seeing that retail rates are in the high 4s in a lot of cases for people. if you re in private banking, can it be in the low 4s. other parts of the country, it s higher. again, these are lower than a lot of the average rates the last 30 years. neil: now, used to be in hot markets, they were begging homeowners to put their homes on the market. they were reluctant. we started seeing them do more than just that. a lot of them coming out of the gate lowering prices. what are we making of that? prices had gone up so much. phoenix, miami, you know, a lot of the sand states, they had prices go up so high so quickly that at some point it couldn t be sustainable. we were seeing 30% price increases. so a lot of sellers came on, adding the extra 10% and of
While housing market trends in the first quarter of 2022 resembled the previous year’s trend, much has changed in the spring, which will impact some of the previously forecasted scenarios.
While housing market trends in the first quarter of 2022 resembled the previous year’s trend buyer frenzy, homes selling over the asking price and continued home price appreciation much has changed in the spring, which will impact some of the previously forecasted scenarios.