Bidenomics Strikes Again! US Existing Home Sales Tumble To Weakest In 13 Years (First-Time Buyers Historical Lows)

Bidenomics strikes ... again. No, not his inane ramblings about Hamas being "the other team" or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing.

Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose in the Northeast but receded in the Midwest, South and West. All four regions registered year-over-year sales declines.

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 2.0% from August to a seasonally adjusted annual rate of 3.96 million in September. Year-over-year, sales dropped 15.4% (down from 4.68 million in September 2022). ... Total housing inventory registered at the end of September was 1.13 million units, up 2.7% from August but down 8.1% from one year ago (1.23 million). Unsold inventory sits at a 3.4-month supply at the current sales pace, up from 3.3 months in August and 3.2 months in September 2022.

The total existing home sales SAAR dropped back below 4mm for the first time since October 2010 (during the foreclosure crisis)...

Sales fell in all regions except the Northeast in September... and in every price range...

And, if mortgage rates (and thus affordability) are anything to go by, things are about to get real...

The median selling price rose 2.8% from a year earlier to $394,300, the highest September reading on record, pushing affordability even lower. But existing home prices are falling relative to new home prices (with the ratio near record lows)...

Finally, amid all this un-affordability for shelter, some Americans are turning elsewhere...and with mortgage rates back above 8%, it can only get worse.

Top US Meat Producer to Focus on Insects after Partnering with WEF
https://newsaddicts.com/top-us-meat-producer-focus-insects-partnering-wef/?utm_source=mailpoet#038;utm_medium=email&%23038;utm_campaign=newsletter

Tyson Foods Inc., the largest producer in the U.S. for all kinds of meats, is opening a major insect processing plant in the United States to fulfill what it says is “enormous future demand” for insects in North America.

The company has also been hailed by Klaus Schwab and the World Economic Forum (WEF) and was awarded the globalist organization’s “Technology Pioneer” award. Protix CEO Kees Aarts is also listed as a member of the WEF.

It’s a multibillion-dollar industry opportunity that has tremendous growth potential, and we see Protix as being a leader there,” Tyson said. Tyson added that “insect-protein inclusion” can be beneficial to both the “planet and animals.”

The World Economic Forum and major corporations have been increasingly pushing for a reset of the global food supply chain.

WEF has been very vocal about how the masses must give up beef due to the alleged “emissions” involved in producing meat.

Meanwhile, the corporate media has been trying to convince the public to give up meat and dairy products and begin consuming insects instead.

In Europe, an additive made out of powdered crickets has already made its way into pizza, pasta, cereals, and other flour-based foods.

Tyson’s foray into bug production for animal food is an ominous sign that the meat giant could also be planning edible insects for human consumption.

Meanwhile, the corporate media has been trying to convince the public to give up meat and dairy products and begin consuming insects instead.

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