The Bid-Ask Spread in Housing and “Pulte’s Law”
As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.
Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law
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