The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.
Newsfeed: A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs Read More »
US Macro Surprise data slumped for the 5th straight week, back into negative territory at its weakest weekly close since Nov 2021…
Newsfeed: Dow Suffers Longest Losing Streak In 99 Years, Bonds & Bullion Bid Read More »
A fee on US commercial mortgages has surged so high that borrowers can’t ignore it and may not be able to afford it.
Newsfeed: A 900% Jump in Hedging Costs Looms Over Commercial Mortgages Read More »
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®.
Newsfeed: Existing-Home Sales Retract 2.4% in April Read More »
Apartment markets in the Mountains/Desert region have seen notable inventory growth rates in recent years as developers try to keep up with sizable in-migration into this part of the country.
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.
If you took out a mortgage over the last couple of years, there’s a good chance the holder of that loan is America’s central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
Newsfeed: The Fed’s $2.7 trillion mortgage problem Read More »
Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability.