marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
mortgages
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 […]
03/06/2024
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By Laura Harris
StatCan: Canadian household debt-to-income ratio surpasses levels seen across other G7 countries
Recently released data from Statistics Canada (StatCan) reveals that Canada has clinched the dubious title of having the highest household debt to disposable income level among G7 countries due to the country’s ongoing housing crisis. Real estate constitutes a substantial portion of the average household’s wealth, accounting for approximately 55 percent, while mortgages represent the bulk of their […]
10/19/2023
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By Arsenio Toledo
Interest rate for 30-year fixed mortgage rises to 8.45% – the highest it has been since 2000
The interest rate for the 30-year fixed mortgage, one of the most popular kinds of mortgages in the United States, just hit a record-high of 8.45 percent for the first time since 2000. This is not the first time this month that the 30-year fixed mortgage’s average interest rate actually jumped above the eight percent mark. On […]
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 […]
09/12/2023
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By Belle Carter
High interest rates contribute to the doubling of the federal deficit despite Biden’s claim of “strong economy”
The federal deficit has been forecasted to skyrocket to double last year’s $1 trillion to roughly $2 trillion for the fiscal year ending Sept. 30, despite President Joe Biden’s claim of robust and improving overall economic growth because of his government measures. The administration’s claim that the financial status is strengthening came when the deficit […]
09/07/2023
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By Laura Harris
RFK Jr. to push for government-guaranteed 3% mortgage if elected president
Robert F. Kennedy Jr. (RFK Jr.) wants a three percent mortgage for Americans, guaranteed by the government and funded by the sale of tax-free bonds. He added that the first 500,000 of these mortgages would be reserved for teachers. “I’m going to give everyone a rich uncle, and his name is Uncle Sam,” RFK Jr. said at a recent […]
05/17/2023
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By Arsenio Toledo
US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases
Total American consumer debt hit an all-time high of more than $17 trillion in the first quarter of 2023, according to a report from the Federal Reserve Bank of New York. The total debt across all categories hit $17.05 trillion. This represents a $148 billion increase or 0.9 percent from the previous quarter and a […]
05/10/2023
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By Arsenio Toledo
Home prices DECLINE in 31% of the US, mostly in Democrat-controlled cities where crime and high taxation are rampant
Home prices across the United States have fallen to historic lows, as 31 percent of the nation saw their property values decline dramatically during the first quarter of 2023. During the peak of the housing boom, home prices surged in practically every corner of the country. Now, the housing market is split down the middle – […]
03/22/2023
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By Arsenio Toledo
Existing home prices in the US fall for the first time in 11 years
Year-over-year home prices in the United States have dropped for the first time in 11 years, leading to a reversal in the yearlong streak of declining monthly home sales. The national median price for an existing home fell by 0.2 percent in February year-over-year to $363,000. This marks the first year-over-year decline in housing prices […]
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