Bloomberg (June 30)
“The Federal Reserve is cooling off the red-hot housing market as it fights to curb inflation by driving up interest rates.” The ensuing “housing slowdown is helping to solve the US real estate market’s most intractable problem: tight inventory.” New sellers are entering the market at a faster pace while there are “fewer buyers competing.” As a result, “the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017.”
Tags: Buyers, Cooling off, Fed, Housing market, Inflation, Interest rates, Intractable, Inventory, Listings, Real estate, Red-hot, Sellers, Slowdown, U.S.
New York Times (July 23)
“Boris Johnson, to whom lying comes as easily as breathing, is on the verge of becoming prime minister. He faces the most complex and intractable political crisis to affect Britain since 1945…. His premiership could bring about the end of Britain itself.”
Tags: Britain, Complex, End, Intractable, Johnson, Lying, Political crisis, Prime minister, UK