WS #16195
Holding: newest synthesis is 24d 21h old
Pending home sales in the US plummeted 7.3% in September, hitting the lowest level on record and freezing the housing market. This deterioration occurs just as the Federal Reserve considers further interest rate hikes, creating a severe policy dilemma where fighting inflation risks deepening a recession in the housing sector.
US Housing Market Collapse
Pending home sales in the US plummeted 7.3% in September, hitting the lowest level on record and freezing the housing market. This deterioration occurs just as the Federal Reserve considers further interest rate hikes, creating a severe policy dilemma where fighting inflation risks deepening a recession in the housing sector.