Low Inventory Driving Prices and Competition | First Quarter Real Estate Update
Posted by Chris Perkins on
Low Inventory Driving Prices and Competition
The Lion of Inflation is Tamed
Last week, we attended a presentation by the Vice President of RBC Global Asset Management. He spoke about the effect of government intervention on the economy over the past several months and what we might anticipate next. The sharp interest rate increases were designed to tame inflation amid the soaring costs of goods and services. From the statistics, it appears that has largely worked. He referenced the four banks who’d sought government protection and how their financial collapse was likely due to the government applying too much pressure by way of interest rates. Prior to these institutions failing, it was anticipated we would see further rate increases, but…
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