We are seeing a significant change in inventory, but no surge in new listings. This means the increase in inventory is due to a decrease in demand, likely because of higher mortgage rates.
WSJ reports that millions of Americans with subpar low credit scores are falling behind on paying their credit cards and automobile and personal loans. This is an ominous sign the ‘strong consumer’ narrative is cracking.
The signs that the U.S. economy is starting to fall apart are rising to the surface, further indicating that a recession is likely on its way.
The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.
US Macro Surprise data slumped for the 5th straight week, back into negative territory at its weakest weekly close since Nov 2021…
A fee on US commercial mortgages has surged so high that borrowers can’t ignore it and may not be able to afford it.
There’s no way around it: if the Federal Reserve is going to get runaway inflation back under control, it’s going to cause some economic damage along the way.
A combination of high inflation and slowing growth is setting the U.S. on a path to stagflation, according to a renowned former Federal Reserve economist Stephen Roach.
Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors®.
Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money.