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It’s a buyer’s market and nobody is buying: Where Is Jerome Powell?

On HALO

4 hours ago

If you’ve flipped through the real-estate pages lately – or just tried to pull up Redfin or Zillow – something’s glaringly obvious. Nobody’s moving and nobody’s buying homes right now.  Recently, I took a glance on Zillow at one of the hottest markets in Florida, which is Route 30A in the panhandle. Where it was once almost impossible to see a red dot of something for sale, it now looks like a heat map that a B-52 Stealth bomber just lit up with red dots of bunker busters.  You’ve got homes sitting on the market for weeks – or months – with major price reductions while would-be buyers stare at...

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Wayne G Fraser

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