Investor Says Fed ‘Single-Handedly’ Killed US Housing Market

Real estate investor Grant Cardone has said the U.S. Federal Reserve has “single-handedly” crushed the housing market by raising interest rates, causing significant problems for both buyers and sellers in the United States. “The Fed will make more renters in this country in the next two years than it has in the last 50 because mortgage applications are at all-time lows," Mr. Cardone told the news outlet. "Mortgages are double what rent is, and it doesn’t surprise me that real estate agents are feeling the brunt of this,” he added. Mr. Cardone said that Fed Chairman Jerome Powell should “step aside” and allow the market to correct…