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Newsfeed: 5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Experts Anticipated

Newsfeed: 5 Signs That The Housing Crash Is Escalating A Lot Faster Than Many Experts Anticipated

The U.S. housing market is absolutely imploding, but nobody should be surprised.  In fact, we were warned way ahead of time that this would happen.  When the Federal Reserve told us that they would be aggressively raising interest rates, we all knew what this would do to the housing bubble.  It was obvious that home prices would fall, home sales would plummet and home builders would get absolutely crushed.  Sadly, that is precisely what we are witnessing.  But instead of reversing course after witnessing all the damage that they have caused, Fed officials are insisting that even more rate hikes are necessary.  So as bad as things are right now, the truth is that they are going to get even worse in the months ahead.

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Newsfeed: Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start

Newsfeed: Home Sales, Listings Plunge Over 20% in September—Most on Record Aside From Pandemic Start

Home sales and listings in September both slumped the most on record with the exception of the early months of the pandemic as rapidly rising mortgage rates prompted both buyers and sellers to stay put, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

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Newsfeed: 66% of American workers are worse off financially than a year ago due to inflation, report finds

Newsfeed: 66% of American workers are worse off financially than a year ago due to inflation, report finds

Rising costs have chipped away at most Americans’ standard of living. As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance.

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