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In periods when home prices declined substantially, some homeowners blamed the Fed. In other periods, when home prices increased, homeowners gave...

In periods when home prices declined substantially, some homeowners blamed the Fed. In other periods, when home prices increased, homeowners gave credit to the Fed. How can the Fed have such a large impact on home prices? How could news of a substantial increase in the general inflation level affect the Fed’s monetary policy and thereby affect home prices?

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