Grant Cardone, CEO of Cardone Capital, discusses the influence of the Federal Reserve Chairman, President of the Federal Reserve, the role of Federal Reserve Chairman Jerome Powell in the American housing crisis and the launch of the new Bitcoin Fund.
As the United States continues to face challenges with its housing market, a real estate member refers to the Federal Reserve Chairman Jerome Powell in the fall of the industry.
Cardone Capital has argued that Federal Reserve Chairman Jerome Powell “caused the” housing crisis “in the country during his appearance on” Al -Sabah with Maria “on Monday.
(Jerome Powell) has caused more damage to the middle class and Housing in this country From any other decision of his hands or any decision taken from Washington, DC, “Cardone confirmed.
Real estate expert criticized high interest rates in the country as a reason for “preventing” people from buying homes.
The American Housing Crisis: The CEO of RealTor.com says that there is a way to solve it
He said: “For this reason you have 500,000 homes more listed than buyers for these homes. When prices drop, prices will also decrease because you will have more supply on the market and the supply is what controls prices.”
after Federal Open Market Committee May Meet, the central bank announced that it will leave the standard interest rate unchanged within 4.25 % to 4.5 %.
The real estate market in the United States is about to see a transformation in the coming months, according to an industry expert.
I told Cardone Fox Business’ Jackie Deangelis that “interest rates do not control prices.”
He explained that fewer rates can “stimulate” the activity in the market and “the activity is what makes the economy work.”
These countries see the most purchase of homes
“When you have a high supply, but there is no demand because the prices are very high, you will not have buyers who come to reach these homes (so) the prices remain,” said Cardone.
The criticism of the real estate expert did not stop. Cardone said that though Low inflationThe Federal Reserve Chairman maintained the high interest rates.
“If you want to move homes in this country, we need investors to the market and we need buyers in the market able to get a low interest rate.”
President Donald Trump answers the correspondent question about prices and deals with his hostility with Federal Reserve Chairman Jerome Powell at the White House.
Cardone has attributed the decrease in inflation to “President Donald Trump’s enthusiasm, optimism and speculation to open the market.”
President Donald Trump, the audio critic of the Federal Reserve BankHe also urged Powell to reduce interest rates at a full percentage.
“It is too late” at the Federal Reserve Disaster! “Trump wrote in a post on social truth.” Europe had 10 price cuts, we had nothing. Although, our country works great. Go to a complete degree, missile fuel! “
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Matthew Casin and Eric Rafel contributed to Fox Business
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