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Americans Fleeing Cities as Rising Property Taxes Kill Housing Market

August 17, 2023 RickMad Comments Off

FoxBusiness.com: Americans are pouring out of cities with high property taxes and relocating to places like Tennessee in search of lower rates as they try to reduce hidden costs of homeownership. That’s according to a new analysis […]

Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

August 15, 2023 RickMad Comments Off

CNBC.com: Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped 6 points to 50 in August, […]

Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

August 11, 2023 RickMad Comments Off

FoxBusiness.com: For homebuyers and sellers alike across America, there’s a massive “struggle” being felt to close deals or make any money. “The challenges to real estate buyers and sellers right now are probably the greatest ever,” real […]

The Greater Financial Crisis of 2024

August 10, 2023 RickMad Comments Off

DailyReckoning.com: You’re probably aware that Fitch has downgraded the credit rating of the United States from AAA to AA+. It was big news last week. That’s nothing to cheer about, though it’s not likely to […]

Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

July 28, 2023 RickMad Comments Off

Realtor.com: Foreclosures in America are on the rise for the second year in a row. This puts a firm bookend on an 11-year decline in the forced repossession or sale of a home when a […]

Home Prices Continue To Climb With ‘Striking’ Regional Differences

July 25, 2023 RickMad Comments Off

CNBC.com: Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during […]

Former Home Depot CEO Says US Businesses Have ‘More Uncertainty Now’ In More Than 50 Years

July 25, 2023 RickMad Comments Off

FoxBusiness.com: With economic pressure at the forefront of voters’ minds, one American business leader warned President Biden about being “overconfident” on U.S. fiscal health. “I’ve been at this for 52 years, and I think that […]

Elites Want You To Own Nothing, They Even Want To Take This Away

July 21, 2023 RickMad Comments Off

FoxBusiness.com: Financial elites in America are busy putting up a white picket fence around the American dream of owning a home. Just over a decade ago, you may have taken out a mortgage from a big […]

Home Sales Fall in June as Listings Dwindle

July 20, 2023 RickMad Comments Off

Realtor.com: The numbers: A persistent lack of homes for sale combined with strong home-buying demand pushed home prices up in June to the highest level in a year. The total number of homes for sale in […]

US Home Prices Still Face A ‘Steep And Sustained’ Decline This Year, Economist Warns

July 14, 2023 RickMad Comments Off

FoxBusiness.com: Economist warns ‘the bulk of the drop in home prices is yet to come’ The U.S. housing market has defied expectations for a crash so far this year, but a steep decline in home […]

Stock Market

Dow Jones Falls As Yellen Gives This Warning; Fed Official Urges Tapering; Coinbase Dips On Probe

Investors.com: The Dow Jones Industrial Average fell after Treasury Secretary Janet Yellen issued a debt ceiling warning and a senior Federal Reserve official spoke out on tapering. Advertisements Advertisements Meanwhile, Coinbase [...]
Covid 19

How Millennials’ Financial Futures Have Been Impacted By Pandemic Unemployment

This spring, the coronavirus pandemic led to the biggest unemployment spike in U.S. history. Between the end of March and the beginning of August, over 1 million people applied for unemployment insurance — [...]
Economy

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 [...]
Economy

US Commerce Secretary Says There’s No Denying The Supply-Chain Crisis Poses ‘A Problem’

BusinessInsider.com: US Commerce Secretary Gina Raimondo told CNBC on Friday that US consumers will likely feel the impact of the supply-chain crisis into the coming year. “There’s a lot of [...]
Corona Virus

Biden Walks Back Threat To Shut Down US Economy

Fox Business: Democratic nominee Joe Biden is clarifying his threat to shut down the U.S. economy as president if COVID-19 rages on. Advertisements Advertisements In an interview with ABC News [...]
Jobs

7 Home-Based Business Ideas

Money.usnews.com: The COVID-19 pandemic meant millions of people were sent home to work remotely. While businesses are beginning to recall workers to the office, some may not be in any [...]