Posted on 11/30/2023 4:08:15 AM PST by davikkm
Buckle up, America! The signs are clear, and they’re not pointing towards mere challenges but a looming economic catastrophe. The U.S. housing market, a historical indicator of economic health, is in a deadlock, and it’s sending shockwaves through the nation.
With 30-year mortgage rates hitting two-decade lows, buying conditions have plummeted to levels unseen since 1960, a grim foreshadowing of past severe economic downturns. The housing market, sensitive to interest rate changes, is sounding the alarm.
Adding to the distress, businesses are facing tightening credit access. Over 30% of domestic banks are imposing stricter lending standards, reaching a concerning 50.8% in Q3 2024—a level historically synonymous with recession.
(Excerpt) Read more at citizenwatchreport.com ...
No kidding.
Mortgage rates 2 decade highs(not lows).
Reality for a change.
Duh.
As long as we have Democrats, this stuff will happen.
Butcher Bill Gates wants to reduce the population, your best bet is to out live the Democrat idiots.
Prepare for the SHTF scenarios.
It’s bidet’s green program to destroy the greenback
but “see be” is saying economy is better than expected
see bs
We are devaluing the currency just like all third world dictatorships do.
Let it all come crashing down. We’ve kicked all the cans far enough down the road.
Small price to pay for the benefits of eradicating mean tweets
.
yeah clearly a typo. And when an article is that poorly edited, it loses all credibility.
Mortgage rates in 1981 were 14% but the sq. ft. cost you paid for a home was drastically less than today.
If the government stops intervening in the market, the law of supply and demand should resolve many issues.
What is something worth? It's what the public is willing to pay for it. When half-million dollar homes stop selling, their price will come down and/or less expensive homes will be made available by an innovative builder/developer.
The Fed will get the nod from the Deep State to start lowing rates….it’s an election year.
Perhaps they’ll let Trump win, then engineer the collapse on his watch.
If Trump does win, you can count on his opponents to engineer an economic collapse by the time of his inauguration.
“With 30-year mortgage rates hitting two-decade lows”
Not sure if this is correct, am I reading this wrong?
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