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MoreBack to News Headlines
The housing market is on fire. The Fed keeps adding gasoline

The housing market is on fire. The Fed keeps adding gasoline

CNN
Saturday, June 19, 2021 9:16 AM GMT

Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.

Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds each month. And while the Fed is finally "talking about talking about" removing some of its support, some fear the US central bank is creating another housing bubble as it deliberates.
Read full story on CNN
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