3,213,679
I'm happy about it from the point of my money market with morgan stanley account. And historically mortgage rates aren't terrible. We were spoiled. And honestly from an economic stand point it's the only thing that will stop this run away inflation is people stop spending.
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Carla Freund
Raleigh, NC
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Don Baker
Eatonton, GA
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Brenda Mayette
Glenville, NY
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Kat Palmiotti
Kalispell, MT
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Debe Maxwell, CRS
Charlotte, NC
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Kris Collis, Associate...
East Stroudsburg, PA
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John Juarez
Fremont, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Doug Dawes
Topsfield, MA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
3,430,707
It is going to get worse. Much worse. Hold on to your hat and your coat. It is going to be a wild ride!
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Inna Ivchenko
Encino, CA
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Don Baker
Eatonton, GA
-
Shayne Stone
Fulshear, TX
-
Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Steve Higgins
Kelowna, BC
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Hella M. Rothwell, Bro...
Carmel by the Sea, CA
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
3,267,338
The government does what they want, despite the hardships they are creating for many. My husband shopped a few days ago and brought home $400 worth of groceries. After bringing them into the house, I asked him "WHERE IS THE REST OF THEM?"
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Inna Ivchenko
Encino, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kris Collis, Associate...
East Stroudsburg, PA
-
Derrick Guevremont
Rochester, MN
-
John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Shayne Stone
Fulshear, TX
1,101,389
I was at the grocery store yesterday and noticed some things had gone DOWN!
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Debe Maxwell, CRS
Charlotte, NC
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Bruce Walter
West Lafayette, IN
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Kris Collis, Associate...
East Stroudsburg, PA
-
John Juarez
Fremont, CA
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Dario Ferreira
Attleboro, MA
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Shayne Stone
Fulshear, TX
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J.R. Schloemer
Louisville, KY
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David M. Dwares
Fort Lauderdale, FL
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Doug Dawes
Topsfield, MA
618,136
It's just History repeating itself. And like back the mid 70's & early 80's, this too shall pass!
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Debe Maxwell, CRS
Charlotte, NC
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Steve Higgins
Kelowna, BC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
John Juarez
Fremont, CA
-
Shayne Stone
Fulshear, TX
-
Dario Ferreira
Attleboro, MA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Doug Dawes
Topsfield, MA
457,940
They go up, they go down. I believe, and speaking with a doctorate in Econ, the rates have been artificially too low for too long. I am afraid the "affordable" housing segment is gone, because of buyers being priced out the past 3 years, so they purchased lower price points and renovated them with the surplus money they were approved for. Now fewer housing are being listed due to the cheap rates owners have and they've improved their home to a point they can't get in a new home or they don't want/need to move.
Tough times for buyers.
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Shayne Stone
Fulshear, TX
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Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
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Kris Collis, Associate...
East Stroudsburg, PA
-
John Juarez
Fremont, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Dario Ferreira
Attleboro, MA
1,260,544
The rate hikes will not stop. Prices are really concerning and will continue to trend up. Just hope the government doesn't shut down over the debt ceiling
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Debe Maxwell, CRS
Charlotte, NC
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Steve Higgins
Kelowna, BC
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
-
Aura Alex
Seattle, WA
-
Shayne Stone
Fulshear, TX
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Wanda Kubat-Nerdin - W...
St. George, UT
957,779
Hi Will,
Not a surprise as The Fed only knows how to impact the demand side of the economy. The inflation rate is dropping and will continue to do so as The Fed will continue with its course of action, but I believe inflation will linger at 4-41/2% as the administration continues its domestic war on fossil fuels coupled with OPEC+'s desire to keep the supply of oil limited to reap those big profits. Only 46% of crude oil goes to gasoline production and fertilizer, herbicides, and pesticides will continue to make things challenging for our food supply as they are derived from petroleum. Our grocery store packaging and plastics are made from petroleum as well, not to mention just about everything else in our home: furniture, cleaners, flooring, OTC and Rx drugs, about everything in the medicine cabinet, shoes, cars, and the list goes on.
I buy mostly organic food and interestingly enough the prices haven't gone up much at all, maybe because they don't use synthetic fertilizer, pesticides, and herbicides? I always look for things on sale and have started using those store coupons being mailed out.
I really feel for so many of our families struggling to make ends meet. The Fed's actions will not reduce high fuel, utility, or food prices as the demand for them is inelastic. (Essentials with no close substitutes at a comparable price.) The way to get inflation back to 1-2%, in my opinion, is a supply side solution without the possible pain inflicted by The Fed's demand side solution of raising the Fed Funds and Discount Rate.
If things get worse this is a chance for us to be a blessing to those in need in our communities, not because it is good for our business but because it is the right thing to do.
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Inna Ivchenko
Encino, CA
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Carla Freund
Raleigh, NC
-
Shayne Stone
Fulshear, TX
-
Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
1,093,355
Fed interest rate hikes are designed to reduce inflation ----- interest rates going up, at the Fed level, will bring prices down, along with mortgage rates.
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
-
Shayne Stone
Fulshear, TX
-
Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Pete Xavier
Pacific Palisades, CA
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John Juarez
Fremont, CA
637,534
As real estate professionals, we need to adjust to this economy, just like we have always done.
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Carla Freund
Raleigh, NC
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Shayne Stone
Fulshear, TX
-
Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
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John Juarez
Fremont, CA
1,472,185
The 100 year dread: Will history repeat itself?
In the 1920's "Financial innovations allowed exuberant investment in the stock market, which supported rapid growth for many companies and the labor sector. But that same exuberance led to asset bubbles and an overheated economy. That eventually burst in 1929, signaling the Great Depression of the 1930s."
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Inna Ivchenko
Encino, CA
-
Shayne Stone
Fulshear, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
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Candice A. Donofrio
Fort Mohave, AZ
760,443
I am blown away every time I shop as well, Will. Until inflation gets under control, the fed has said they plan on continue to raise interest rates. Hard to believe how quickly our country's economy has changed.
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Shayne Stone
Fulshear, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
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John Juarez
Fremont, CA
-
Derrick Guevremont
Rochester, MN
5,488,385
Perhaps we will slow down on the spending? It does have some positive benefits, Will.
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Steve Higgins
Kelowna, BC
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Shayne Stone
Fulshear, TX
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Bruce Walter
West Lafayette, IN
1,445,073
I think that many potential home buyers are competing for the limited inventory of homes in the hope of getting a home before interest rates rise even higher.
We are seeing multiple offers and over-bidding, again.
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Carla Freund
Raleigh, NC
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Shayne Stone
Fulshear, TX
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
5,486,110
It all started with the idea that with a wave of the wand we could go green. That was the beginning of the end. Stay tuned, it will get worse!
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Eileen Burns 954.483.3912
Fort Lauderdale, FL
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Carla Freund
Raleigh, NC
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Shayne Stone
Fulshear, TX
827,985
It's crazy how much prices have gone up at the grocery stores and the profit they are making quarterly.
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Shayne Stone
Fulshear, TX
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
2,849,461
Making the rich richer is not to my liking either. How much money does one need? What is the point of being a billionaire? Consider that the prices we pay are not the true cost of goods but instead, what retailers & such can get away with. As to rates going up, there is politics driving it not the need for it. Despite all this, Americans still march forward. Consider also that in time, they will come down, and the refi market will take off. Money moves being made
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Richie Alan Naggar
Riverside, CA
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Shayne Stone
Fulshear, TX
942,327
Grocery prices as well as eating out have gone up. What used to cost us $40 for lunch at a nice cafe is now over $60. We typically go out to lunch a couple days a week vs. out to dinner. Now lunch cost as much as dinner used to!
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Bruce Walter
West Lafayette, IN
2,326,008
Grocery prices have skyrocketed. It's crazy.
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Hannah Williams
Philadelphia, PA
6,689,991
I dont give it a thought.
Would you rather have inflation or higher rates, the main tool that the economists use to bring down inflation is interest rates.
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Shayne Stone
Fulshear, TX
789,744
The way prices stay high and travel sets records as interest rates rise goes to show how foolish it was for the government to give out so much free money. The only way out of the is to increase the world's supply of money.
2,410,562
Will Hamm Seems another bank is going belly up. Yes do not understand why the Feds want to create another banking crisis
414,854
Not moving right now so not affected by mortgage rates increasing and happy to see our money market actually making some decent interest.