Housing Market Analysis - The housing market is facing stagnation, with building permits, mortgage applications, new home sales, and housing starts at levels similar to the 1960s and 1970s, despite the population being roughly double the size [2] - High mortgage rates, particularly for those with rates around 3%, hinder job mobility as people are less able to sell their homes [3] - Lowering the funds rate could decrease mortgage rates, stimulate home building, and reduce shelter inflation [3][4] Monetary Policy and Yield Curve Management - The Treasury and the Federal Reserve have various tools to manage the yield curve beyond just adjusting the funds rate in moderate increments [5][6] - Investors find the front of the belly of the yield curve attractive, as it allows for potential steepening of the curve [5]
US Housing Market Is 'Stuck,' BlackRock's Rieder Says
Bloomberg Television·2025-09-05 14:35