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U.S. Housing Is So Hot Even a Fed Governor Can’t Buy a Home
Christopher Waller says he’s been struggling to find a house in ‘crazy’ Washington, D.C., market.
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The U.S. housing market is so hot that even a Federal Reserve governor is having trouble buying a home.
“Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Governor Christopher Waller said in a speech Thursday. Fed governors will make $203,700 this year, according to information on the central bank’s website.