Welcome to the “House Always Wins” Economy
Published in
6 min readMar 10, 2023
Everyone is abuzz about the housing market. 30-year mortgage rates just passed 7%, which is at a 20-year all-time high. Existing home sales have plunged by 37%. Many claim that Powell raising rates (which look like he plans to raise rates even further) are hurting the middle class. These rate hikes, added in with an expensive real estate market and sky-high mortgage rates mean that millennial and first-time home…
