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Search resuls for: "Cooldown"


3 mentions found


☆ The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.
  + stars: | 2022-09-27 | by ( Ben Winck | ) www.businessinsider.com   time to read: +5 min
Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Inflation expectations may seem like simple forecasts, but their effects on the economy can be dramatic. Anchored inflation expectations can put downward pressure on price growth as consumers reject large price hikes and businesses are pushed to compete with each other. Powell on Wednesday pointed to well-anchored inflation expectations as a boon, but noted the trend "is not grounds for complacency." "The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched," the chair said.
☆ Rents are tumbling in 27 of the US's biggest cities and still rising in 8
  + stars: | 2022-09-13 | by ( Alcynna Lloyd | Ben Winck | Madison Hoff | ) www.businessinsider.com   time to read: +4 min
Rents fell 0.1% in August, snapping a 20-month streak of increases, according to Apartments.com. Prices fell in 27 of the 40 cities tracked by the firm, signaling the recent price surge is broadly easing. Rents fell 0.1% through August across the US's biggest metropolitan areas, according to new data published by Apartments.com. Average rents fell 1.1% last month in Nashville, marking the largest one-month decline across the 40 cities tracked by Apartments.com. But as rental demand wanes, Americans may soon encounter a more affordable rental market.
☆ At long last, the power is shifting to Denver homebuyers
  + stars: | 2022-09-09 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +5 min
Over the past two years, frenzied demand and bidding wars prompted unprecedented price growth. In May, the Denver real-estate market was buzzing with activity. The seasonal increase in homebuying was underway, turbocharged by the pandemic demand that was worsening bidding wars and propelling prices to new heights. The housing market in the Rocky Mountain city was indeed at or near its peak, at least in the near term. Courtesy of Bonnie Hissey"It was long overdue and, in my opinion, welcome to try and get some balance back in the market," Hissey said.
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