marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
mortgage rates
03/29/2024
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By Laura Harris
REPORT: Renting is now cheaper than owning a house in America’s 50 biggest metro areas
A recent Realtor.com report found that renting has emerged as more cost-effective than buying homes across all 50 metro areas in the United States as home prices soar and mortgage rates escalate. Realtor.com, a company operated by News Corp. subsidiary Move Inc., determines the monthly expense of home ownership by aggregating the median listing prices of studio, one-bedroom and two-bedroom […]
03/21/2024
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By Ava Grace
The cost of a monthly mortgage payment for a typical U.S. home has NEARLY DOUBLED in just four years
Real estate firm Zillow has reported that, since January 2020, the monthly mortgage payment on a typical home in the United States has nearly doubled – with monthly payments up by 96 percent in just four years. A typical buyer now pays nearly $2,200 a month, with a 10 percent down payment on a house. This […]
10/02/2023
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By News Editors
Almost half of all young adults in the United States are living with their parents
When are we going to wake up and admit that our system is failing? If close to half of our young adults find themselves needing to live with their parents, we have a major crisis on our hands. Yes, there are some young people that are simply lazy and don’t want to work hard enough. […]
09/28/2023
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By Arsenio Toledo
America heading toward a housing market crash worse than the Great Recession
The American housing market is heading for a crash that may be bigger than the one experienced by homeowners in the 2008 financial crisis. “This will be the greatest crash in the history of housing,” warned financial expert John Perez, who predicted that, following the crash, average housing prices across the country could plummet by […]
08/27/2023
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By Belle Carter
BAD NEWS for home buyers: U.S. house mortgage rates SKYROCKET to HIGHEST level in two decades
There is bad news for anyone looking to buy a home in the near future. The Mortgage Bankers Association (MBA) recently reported that mortgage rates in America surged to their highest level since late 2000 last week. The 30-year fixed mortgage rate increased 15 basis points to 7.31 percent in the week ended Aug. 18. […]
04/25/2023
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By Cassie B.
U.S. home prices see biggest annual drop in more than a decade as interest rates soar
Last month, home prices in the U.S. experienced their largest annual drop since 2012 as pending home sales reached a post-pandemic low. A report from real estate brokerage Redfin showed that median home prices in the country fell by 3.3 percent to just over $400,000. This comes right after a 12 percent drop was seen […]
03/01/2023
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By Belle Carter
HOUSING COLLAPSE: Existing home sales drop for 12th straight month
A survey by the National Association of Realtors (NAR) found that sales of existing homes across the U.S. sank for 12 straight months, for a total decline of 36.9 percent. The results of the survey published in Feb. 21 noted that existing home sales in January 2023 fell to four million, compared to 6.34 million […]
01/11/2023
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By Kevin Hughes
Economists predict US economy to enter RECESSION in 2023
Two-thirds of leading economists from the U.S.’s biggest financial institutions predict an economic recession in 2023, according to a survey by the Wall Street Journal (WSJ). The survey that polled 23 principal economists alongside other pundits from Barclays, Bank of America, TD Securities and UBS Group outlined the warning signs of an incoming recession. Decreasing […]
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
11/15/2022
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By Arsenio Toledo
30-year fixed mortgage rate surges above 7% as the Fed continues to raise interest rates
Mortgage rates have gone over seven percent once again as the real estate market reacts to the latest interest rate hike from the Federal Reserve, with both buyers and sellers withholding participation in the economy amid financial volatility. The national average interest rate on a 30-year fixed mortgage currently sits at 7.08 percent, up from […]
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