The United States is going through a pandemic “housing bubble”, says the chairman of the Fed. Will it burst or “deflate?” »
He said the US housing market needed a ‘tough correction’ and a ‘reset’ to bring better ‘balance’ to a market that had seen skyrocketing price and demand growth during the pandemic frenzy. – but this week Federal Reserve Chairman Jerome Powell used a stronger word to describe the state of the nation’s housing market. “Bubble.” …
