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The Worse US Housing Market Ever
Mortgage applications are at their lowest point since December 1996, and the housing market is in a mess. Low interest rates caused this problem, and simply cutting rates won't fix it. With inflation and distortions in the market, things might get worse before improving.
Watch more of this short video from AirBnBust Update: "Zero Reasons" For Optimism | Amy Nixon.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
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