BIDENOMICS: U.S. Housing Costs Now At Crisis Levels.
https://thenationalpulse.com/2024/02/28/bidenomics-u-s-housing-costs-now-at-crisis-levels/Housing prices in the United States rose 5.5 percent in December compared to the previous year, according to the S&P’s CoreLogic Case-Schiller 20-City Composite Home Price Index. The increase has pushed the cost of housing to crisis levels under Joe Biden’s presidency.
December’s increase marks the seventh consecutive month that home prices increased. The U.S. housing market has remained ‘hot’ despite the Federal Reserve keeping interest rates elevated. While some Fed observers expected the central bank to begin cutting rates already, Fed Chairman Jerome Powell and members of the Board of Governors have signaled a reduction in interest rates may be delayed until after the November 2024 election.
Housing prices are high and keep going up.
