housing market

Economy

Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

September 28, 2023 RickMad Comments Off on Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

Schiffgold.com: Interest rates continue to push relentlessly higher. As Peter Schiff explained in his podcast, that’s a big problem when the entire economy is built on a foundation of cheap money. But most people in […]

Credit and Debt

The Great Debt Crisis of Our Lifetimes is Approaching

September 20, 2023 RickMad Comments Off on The Great Debt Crisis of Our Lifetimes is Approaching

ZeroHedge.com: The Great Debt Crisis of our lifetimes is approaching. As S&P Global recently noted, global debt has just hit $300 TRILLION for the first time in history. As if that wasn’t jaw dropping enough, […]

Debt Ceiling

U.S. National Debt Tops $33 Trillion for First Time

September 19, 2023 RickMad Comments Off on U.S. National Debt Tops $33 Trillion for First Time

NYTimes.com: The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming. America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the […]

Housing Market

Homebuilder Sentiment Goes Negative For The First Time In 7 Months, Thanks To Higher Mortgage Rates

September 18, 2023 RickMad Comments Off on Homebuilder Sentiment Goes Negative For The First Time In 7 Months, Thanks To Higher Mortgage Rates

CNBC.com: U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to […]

Interest Rates

‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

September 18, 2023 RickMad Comments Off on ‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

BusinessInsider.com: “Shark Tank” star Kevin O’Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy. The famed investor pointed to high interest rates as the result of […]

Housing Market

Mortgage Demand Stalls at a Level Not Seen Since 1996

September 13, 2023 RickMad Comments Off on Mortgage Demand Stalls at a Level Not Seen Since 1996

CNBC.com: Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally […]

Economy

Consumers Hit As Gas Prices Spark Biggest Inflation Jump in Six Months, Up 3.7% Year Over Year In August

September 13, 2023 RickMad Comments Off on Consumers Hit As Gas Prices Spark Biggest Inflation Jump in Six Months, Up 3.7% Year Over Year In August

SeekingAlpha.com: Consumer prices heated up again in August, as the prices of gasoline and housing contributed to the Consumer Price Index. For the month, the measure increased 0.6%, the same as the 0.6% expected and surging from […]

Economy

Recession Or Soft Landing: What’s Next for the U.S. Economy?

September 8, 2023 RickMad Comments Off on Recession Or Soft Landing: What’s Next for the U.S. Economy?

Forbes.com: Investors are more and more confident that the U.S. economy can avoid falling into recession in 2023. This so-called “soft landing,” the sweet spot between cooling inflation and a still-growing economy, appears to be a real […]

Housing Market

Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

September 5, 2023 RickMad Comments Off on Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

FoxBusiness.com: Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday. The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.  One industry […]

Housing Market

Mortgage Rates Finally Drop—But Is It Enough To Revive the Fall Housing Market?

September 4, 2023 RickMad Comments Off on Mortgage Rates Finally Drop—But Is It Enough To Revive the Fall Housing Market?

Realtor.com: After rising for an alarming five weeks straight, mortgage rates have at long last cooled a bit. For the week ending Aug. 31, rates for 30-year fixed-rate loans averaged 7.18%, according to Freddie Mac. […]