Median existing home price in the U.S. now exceeds $350K, meaning that a traditional 20% down payment requires $70K which exceeds the median U.S. income and would take many years for someone earning the median to save up.https://t.co/fEwK2ZvKRr
— The Rational Walk (@rationalwalk) June 22, 2021
.@TheLastRefuge2 Joe Biden’s America, but at least taxes aren’t going up on the Middle Class. ?
— David ShoelessJoe?? (@yohiobaseball) June 22, 2021
Housing prices rose record 23.6 percent between May 2020 and May 2021 https://t.co/wviqLFQfhT
When you've had a broken leg, what do you do when the cast comes off?
— Axel Merk (@AxelMerk) June 22, 2021
A) Gradually get back in shape; or
B) eat sugar, then race as if there's no tomorrow?
If you are a central banker, the answer is B, it appears.
Here's just the latest side effect https://t.co/Pn1JK30yfI
The housing market remains extremely hot: The median existing-home price rose 23.6% in May from a year earlier to $350,300, a record high reports @NicoleFriedman https://t.co/wwxsw1RaBz
— Bourree Lam (@bourreelam) June 22, 2021