Bloomberg Markets interviews Svenja Gudell, Chief Economist for Zillow, and she makes some interesting points, particularly in light of Yellen’s speech today outlining a case for interest rate hikes this year. One of the key points is understanding the importance of regionality. We get national numbers, but, say, a 0.25 point increase would have a vary different impact in frothy markets like San Francisco than it would in say, Philly. Similar regional arguments apply to renter sentiment.

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