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🏠If you want to know what stagflation looks like, check out the housing market.
The conditions that existed during the 1970's — high inflation and stagnant output — are happening already in this segment of the U.S. economy t.co/FefGe4FoWn
— Bloomberg Opinion (@bopinion) March 18, 2022
Just when homebuyers hoped to catch a break from a construction boom that promised to increase supply, along come surging mortgage rates. t.co/T3JdhTUsNp pic.twitter.com/ilMZRko4LY
— Bloomberg Opinion (@bopinion) March 17, 2022
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