The American housing market may fall even further as rising mortgage rates suppress demand and the stock of new homes begins to grow, according to Moody’s. Home prices are expected to tumble between 5 and 10 percent over the next two years, Moody’s economist, Matthew Walsh, told Yahoo Finance in an April 18 interview. Walsh noted a…
Moody’s Forcasts 10 Percent Fall in House Prices Over Next 2 Years Amid Higher Rates
White House Warns of Biden Veto if Congress Restores Solar Panel Tariffs Targeting China
President Joe Biden is set to veto a joint resolution targeting his solar panel rule, which temporarily protects some Chinese-made equipment from tariffs, the White House warned. “This rule is necessary to satisfy the demand for reliable and clean energy while ensuring Commerce is able to rigorously enforce U.S. trade laws, hold trading partners accountable,…
Ex-Budweiser Executive Says Conservatives Won’t Forget Pro-Trans Controversy
A former Anheuser-Busch executive warned his former colleagues that American conservatives, who make up its base, would likely not forget the recent transgender controversy. The commotion was instigated by the company’s decision to partner with transgender personality Dylan Mulvaney to act as one of its spokespersons. Anheuser-Busch released special edition cans of Bud Light with…
How to Utilize Real Estate in Your Retirement Portfolio
By Chris Kampitsis Owning investment real estate to generate income during retirement can be a valuable addition to your portfolio. There are several ways to utilize real estate in your retirement portfolio. In this article, we explore several ways owning real estate could be incorporated into your current balance sheet and become a major part…
‘Abortion Is a Form of Murder’: Vivek Ramaswamy
2024 Republican presidential hopeful Vivek Ramaswamy burnished his pro-life bona fides at the Iowa Faith & Freedom Coalition kick-off on April 22. That was how he explained his stance on how abortion should be handled now that Roe v. Wade has fallen. Representatives have battled over its legal status, with many Republicans seeking to restrict…
US Firms Positioned to Withstand Tougher Lending Conditions, Says Goldman Sachs
Goldman Sachs Group still believes that American companies are positioned to withstand tougher lending conditions caused by the latest bank crisis. The investment bank said that U.S.-based firms are less reliant on banks for capital, compared with their peers overseas, reported Bloomberg. A tightening of loan conditions could have a smaller impact for the banking…
The Fed Has Been Raising Rates, But What’s Next?
On March 22, 2023, the Federal Reserve raised the target fed funds rate from 4.75 to 5.00 percent. This marked a 475 bps increase in interest rates since March 2022. With the Fed’s next planned meeting scheduled for May 2023, many are wondering if the Fed will continue the trend of aggressive rate hikes, keep…
Existing Home Sales Drop as Mortgage Demand Crashes
Existing home sales fell in March, as higher interest rates continued to put pressure on borrowers, but some analysts believe that the housing market slump is nearing an end. Rising mortgage rates last month were a likely factor in deterring buyers by adding downward pressure on housing values, as fewer borrowers can afford higher payments. Home…
Leading Economic Indicator Sinks to Lowest Level in 28 Months: ‘Worsening Economic Conditions Ahead’
A leading economic indicator fell to its lowest level in 28 months, as signs point to a recession later this year. The latest Conference Board Leading Economic Index (LEI) report, published on April 20, fell 1.2 percent in March, for the twelfth month in a row, higher than The Wall Street Journal’s estimate of a 0.7 percent…
Housing Agency Rules Will Force Homeowners With Good Credit to Subsidize High-Risk Borrowers
The Biden administration will soon punish Americans with high credit ratings to pay more for their mortgages to subsidize loans for homebuyers with lower scores. Starting May 1, Americans purchasing a new home or are refinancing their existing mortgages will have to pay higher mortgage rates and monthly fees if they have a higher credit score, The…
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