New Median Home Prices In The U S Are 6 5X Higher Than Average Household Income
Notably, Finbold recently reported that data for March 2022 showed the median price of existing-home sales surged over 30% in just two years. Now, founder and CEO of Compound Capital Advisors, Charlie Bilello illustrated the point on Twitter on April 26: After continuing to acquire mortgage bonds and keep interest rates at 0% for more than two years, the Federal Reserve was ultimately responsible for creating the second housing bubble in the last two decades, according to Bilello....