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Federal Reserve Member Bearish

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Jan. 10--While economic growth should be strong this year, the long-running boom in housing has likely crested, according to Jack Guynn, president of the Federal Reserve Bank of Atlanta.
But now, housing faces the headwinds of somewhat higher mortgage rates.
However, he said, the slowdown will not be painful -- except perhaps in a few overheated markets.

Echos of Big Al when he said "some" markets are going to see the froth dissappear rather quickly. At least the US Bankers are avoiding spin and telling it like it is. "Some markets" might include the whole of the UK which defines "overheated" using affordability as a reference.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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