G
rant Cardone, CEO of Cardone Capital, is placing the blame for the US housing market's struggles squarely on Federal Reserve Chairman Jerome Powell. In an appearance on "Mornings with Maria," Cardone argued that Powell has caused a housing crisis by keeping interest rates high, making it difficult for people to buy homes. He cited the 500,000 homes listed without buyers as evidence of this problem.

    Cardone believes that lower interest rates would stimulate activity in the market and drive down prices, which are currently being propped up by low demand due to high rates. He also criticized Powell for keeping interest rates high despite inflation dropping, saying it's preventing investors from entering the marketplace and buyers from getting affordable loans.

    The real estate expert attributed the drop in inflation to President Donald Trump's policies, specifically his enthusiasm and optimism about opening up the market. Trump himself has been a vocal critic of Powell, urging him to lower interest rates by a full percentage point.