https://twitter.com/i/events/1504719354000076801
🏠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 https://t.co/FefGe4FoWn
— Bloomberg Opinion (@opinion) 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. https://t.co/T3JdhTUsNp pic.twitter.com/ilMZRko4LY
— Bloomberg Opinion (@opinion) March 17, 2022