{"id":2412,"date":"2017-03-23T00:00:00","date_gmt":"2017-03-23T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/nars-yun-this-is-how-to-slow-rising-rates\/"},"modified":"2017-03-23T00:00:00","modified_gmt":"2017-03-23T00:00:00","slug":"nars-yun-this-is-how-to-slow-rising-rates","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/nars-yun-this-is-how-to-slow-rising-rates\/","title":{"rendered":"NAR's Yun: This Is How to Slow Rising Rates"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

The Federal Reserve has made two swift rate hikes in just four months and vows of more to come. But there\u2019s a way to slow the pace of interest-rate hikes: Build more homes, Lawrence Yun, the chief economist for the National Association of REALTORS\u00ae, writes in his new column at Forbes.com.<\/p>\n

\n

Read more<\/strong>: Fed Votes to Raise Rates: The Housing<\/a> Impact<\/span><\/p>\n<\/blockquote>\n

Building more apartments and single-family homes would help slow down inflation, Yun says.<\/p>\n

The nation has typically added 1.5 million new housing units each year to meet demand. After all, about 1 million to 1.2 million new households are formed nationally each year and about 300,000 to 400,000 homes are demolished or newly uninhabitable each year. As such, about 1.5 million new units are required.<\/p>\n

However, over the past decade from 2007 to 2016, average housing starts were 900,000 per year.<\/p>\n

\u201cThat is grossly inadequate,\u201d Yun notes. \u201cThat is why there is a housing shortage across the country.\u201d<\/p>\n

The inventory supply of homes available for sale is near all-time lows. Rental and vacancy rates have dropped to below 7 percent, the lowest since the mid-1980s, he notes.<\/p>\n

\u201cThe faster the homebuilding recovery, the slower the housing inflation,\u201d Yun says. \u201cConsequently, the broader consumer price index will also slow and thereby allow more breathing room for the Fed to temper the pace of rate hikes.\u201d<\/p>\n

Source: \u201cThere Is One Way to Slow Down the Fed: Build More Homes,\u201d CNBC (March 22, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Reserve has made two swift rate hikes in just four months and vows of … NAR's Yun: This Is How to Slow Rising Rates<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[62,12908,543,127,617,344,41,818,15282],"class_list":["post-2412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-for-sale","tag-home","tag-home-buying-guide","tag-homes","tag-house","tag-housing","tag-property","tag-real","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Mx0HAy83giQ","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3562,"url":"https:\/\/amazingproperty.com.ng\/blog\/fewer-new-homes-in-pipeline-pushes-up-prices\/","url_meta":{"origin":2412,"position":0},"title":"Fewer New Homes in Pipeline Pushes Up Prices","author":"Amazing Property","date":"April 19, 2017","format":false,"excerpt":"Nationwide housing starts dropped in March, despite continued high buyer demand, which is adding pressure to overall home prices. Housing starts for single-family and multifamily homes dropped 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Tuesday. Broken out, single-family production\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1615,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-will-housing-fare-over-the-next-decade\/","url_meta":{"origin":2412,"position":1},"title":"How Will Housing Fare Over the Next Decade?","author":"Amazing Property","date":"March 6, 2017","format":false,"excerpt":"Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than it is today, predicts Lawrence Yun, the chief economist of the National Association of REALTORS\u00ae, in his latest column at Forbes.com.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2037,"url":"https:\/\/amazingproperty.com.ng\/blog\/fed-votes-to-raise-rates-the-housing-impact\/","url_meta":{"origin":2412,"position":2},"title":"Fed Votes to Raise Rates: The Housing Impact","author":"Amazing Property","date":"March 16, 2017","format":false,"excerpt":"The Federal Reserve is picking up the pace, voting on Wednesday to raise its key interest rate just three months after its last rate hike. The Fed announced that short-term interest rates will increase by one-quarter of a percentage point and suggested that two similar increases likely will occur later\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6306,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-shortages-constrain-existing-home-sales\/","url_meta":{"origin":2412,"position":3},"title":"Housing Shortages Constrain Existing-Home Sales","author":"Amazing Property","date":"September 20, 2017","format":false,"excerpt":"For the fourth time in five months, existing-home sales dropped as a shortage of homes for sale continues to plague the housing market. Strained supply levels of homes are making it that sales are unable \u201cto break out,\u201d according to the National Association of REALTORS\u00ae\u2019 latest housing report, released Wednesday.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1139,"url":"https:\/\/amazingproperty.com.ng\/blog\/existing-home-sales-reach-decade-high\/","url_meta":{"origin":2412,"position":4},"title":"Existing-Home Sales Reach Decade High","author":"Amazing Property","date":"February 22, 2017","format":false,"excerpt":"[ad_1] Existing-home sales in January reached their fastest pace in nearly a decade, with all major regions except the Midwest posting gains last month, the National Association of REALTORS\u00ae reports. Sales By Region Here's how existing-home sales fared across the country in January: Northeast: Rose 5.3 percent to an annual\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4778,"url":"https:\/\/amazingproperty.com.ng\/blog\/nar-buyers-face-double-whammy-this-spring\/","url_meta":{"origin":2412,"position":5},"title":"NAR: Buyers Face 'Double Whammy\u2019 This Spring","author":"Amazing Property","date":"May 31, 2017","format":false,"excerpt":"[ad_1] For the second consecutive month, pending home sales scaled back as significantly weak supply levels of homes for sale continue to press on affordability conditions, the National Association of REALTORS\u00ae reported Wednesday. NAR\u2019s Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.3 percent in April\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/April%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/April%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/April%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/April%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2412"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2413"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}