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Real Estate News Brief - U.S. Inflation Risk, Forbearance Extension, and Forecast on Homebuyer Demand
In this Real Estate News Brief for the week ending February 13th, 2021... new comments from the Fed Chief on the risk of inflation, a new extension for government forbearance programs, and a forecast on homebuyer demand.
We begin with economic news from the past week, and Fed Chief Jerome Powell\u2019s commentary about inflation. He spoke before the Economic club of New York saying he doesn\u2019t expect a big jump or a sustained increase in inflation right now. He says: \u201cInflation has been much lower and more stable over the past three decades than in earlier times. In the 1970\u2019s, when inflation would go up, it would stay up.\u201d
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