Housing market remains strong even with higher mortgage rates

Some economists see higher interest rates as a positive sign for the economy because it means there is optimism about investing. “I tend to sort of reverse the causality that our sentiments and our optimism in our activity, investment activity, drives interest rates, and they're a sign of how we feel more than interest rates being a sort of cudgel that the Fed uses.” “Until that happens, it makes me a little more sanguine about the housing market because I just think the lack of supply and this sort of deep problem, we need to figure out how to get out from under means that every house we don't build is another ratchet up in the rent levels that at the end of the day are the fundamental factor that drives home prices.”

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