housing market

Housing Market

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

August 15, 2023 RickMad Comments Off on Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

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, […]

Inflation

Peter Schiff: The Fed Will Never Hit Its Inflation Target

August 14, 2023 RickMad Comments Off on Peter Schiff: The Fed Will Never Hit Its Inflation Target

SchiffGold.com: The Consumer Price Index (CPI) data for July came out last week. Even though the headline number ticked up slightly compared to June, most mainstream analysts took it as a sign that the Federal Reserve […]

Credit and Debt

Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

August 14, 2023 RickMad Comments Off on Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

CNBC.com: While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to […]

Housing Market

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

August 11, 2023 RickMad Comments Off on Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

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 […]

Economy

The Greater Financial Crisis of 2024

August 10, 2023 RickMad Comments Off on The Greater Financial Crisis of 2024

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 […]

Economy

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

July 28, 2023 RickMad Comments Off on Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

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 […]

Economy

Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

July 28, 2023 RickMad Comments Off on Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

BusinessInsider.com: Odds are, the Federal Reserve won’t make any more interest rate changes the rest of the year.  At least according to investor bets across the market, as illustrated by CME’s FedWatch Tool. On Wednesday, policymakers […]

Housing Market

Home Prices Continue To Climb With ‘Striking’ Regional Differences

July 25, 2023 RickMad Comments Off on Home Prices Continue To Climb With ‘Striking’ Regional Differences

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 […]

Business

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

July 25, 2023 RickMad Comments Off on Former Home Depot CEO Says US Businesses Have ‘More Uncertainty Now’ In More Than 50 Years

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 […]

Housing Market

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

July 21, 2023 RickMad Comments Off on Elites Want You To Own Nothing, They Even Want To Take This Away

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 […]