Podcasts Business Investing Real Estate News: Real Estate Investing Podcast Real Estate News Brief: GDP Forecast Rises, Young Adults Move Home, Detroit Rental Market “Wacky” (in a good way)

Real Estate News Brief: GDP Forecast Rises, Young Adults Move Home, Detroit Rental Market “Wacky” (in a good way)

Published: Sept. 21, 2020, 10:40 p.m.

In this Real Estate News Brief for the week ending September 19th, 2020... the Federal Reserve offers an improved 2020 forecast for U.S. economic growth, empty nesters are getting their adult kids back, and the Detroit rental market has gotten “wacky.”
 
We begin with economic news from this past week, and an update on economic policy from the Federal Reserve. The Fed said in a statement it expects to keep short-term bank rates near zero until the end of 2023, and that inflation would have to rise above 2% for “some time” before rates are increased.