The Fed’s rate hike Wednesday, and its signal of two more increases to come this year, will only add to investors’ biggest worry about the U.S. housing market — that it’s getting too expensive.
An S&P index of U.S. homebuilders was down 4.6% at 3:39 p.m. in New York, its largest loss in almost a month. While wages are beginning to rise, home prices have been surging for years as buyers compete for a shrinking inventory of listings.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]