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Real Estate Investor Sam Zell Sees the Fed Raising Rates Close to 6%
The Fed will need to rate interest rates closer to 6% to meaningfully ease inflationary pressures, said legendary property investor Sam Zell. A “shocking event” was mortgage rates more than doubling this year, the billionaire told Fox Business. Zell also sees the US economy falling into a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app There’s little comfort to be had in a recent softening in mortgage rates because the Federal Reserve is likely to continue with its string of rate hikes to catch up in taming inflation, billionaire property investor Sam Zell…
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New listings lag as Fraser Valley real estate market sees third month of declining sales
Fraser Valley Real Estate Board New listings lag as Fraser Valley real estate market sees third month of declining sales With sales down almost seven per cent from October, and new listings off by more than 20 per cent,the Fraser Valley housing market continues its slowing trend heading into the holiday season. D SURREY, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) — With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities are available, as evidenced by brisk turnover time frames. In…