Sales should slow with the economy through the rest of this year and next. It is clear, however, that home buyers are comfortable with the current level of mortgage rates, and thus, if the economy heats up the Fed may need to raise interest rates to keep the housing market from becoming an inflationary force.
More Quotes from Michael Boldin:
With the leading economic indicators posting three consecutive sharp increases, the U. S. economy does not seem to be ready to settle down much from the fast pace of growth it experienced in 1998. Over the past six months, the index has increased 1.2 percent, which is far above its historical average and the prospects for growth in income and employment are very bright.Michael Boldin
Since WRDS was first made available to outside institutions eight years ago, it has revolutionized research at business schools. Along with the growth in subscribers and increased usage by subscribing institutions, the feedback we receive from our users further indicates that we meet the diverse research needs of our subscribers.
Michael Boldin
In this economy, we can't seem to get any bad inflation news. Everything is telling us inflation is going to stay flat or fall.
Michael Boldin
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