by Tyler Durden After starting the year at the fastest pace in almost a decade, existing-home sales slid in February some 3.7%, below the 2.0% drop expected, as 5.48 million existing houses were sold last month which was marked by a paradoxe: on one hand, NAR reported that the median existing-home price in February was […]
The Mortgage Professor Rising interest rates reduce the demand for housing by increasing the monthly payment on the mortgage most borrowers need to finance a purchase. In today’s market, a consumer with good credit and the capacity to put 20% down, looking to borrow the $200,000 needed to purchase a $250,000 house, can obtain a […]
by Tyler Durden For the first time since Q1 2013, mortgage delinquencies rose QoQ in Q4. The jump from 4.52% (of total loans) to 4.80% is the largest since Q1 2010 and hit as mortgage rates spiked following President Trump’s election and Fed Chair Yellen’s jawboning and rate-hike. Of course, levels remain ‘low’ relative to […]
(CNSNews.com) – Americans’ confidence in the U.S. economy reached a nine-year high in January. Gallup’s U.S. Economic Confidence Index averaged +11 in January, the highest monthly average in Gallup’s nine-year trend, the pollster reported on Tuesday. In fact, Gallup said some of the three-day averages in January “marked new highs in Gallup’s tracking,” which began […]
By Robert Laurie President Trump launched into his second full week by signing a new Executive Order aimed at cutting the regulatory burden faced by small businesses. Basically, if a federal agency wants to impose any new regulations, it must first identify two other regulations it will eliminate. As ABC reports: President Donald Trump […]
by CHRISS W. STREET The number of women in part-time jobs has doubled in the eight years of President Barack Obama’s tenure, because his management of the economy has produced very few new full-time jobs, according to a new report by left-wing academics. From 2005 to 2015, the percentage of men in “alternative work” increased […]
Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. In this article, I am going to share with you the primary reason why Barack Obama has been able to prop up the U.S. economy over the past eight years. If Barack Obama had […]
by Daniel Carter Politico, MSNBC, Wall Street Journal, Washington Post, Yahoo and many other fake news organizations are now claiming that Trump will inherit a strong economy. WikiLeaks showed us in the last election cycle that many of these organizations are colluding with the Washington elite. So, you must ask yourself: what narrative are they trying […]
As SHTFPlan.com’s Mac Slavo points out… The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can […]
By Michael Snyder Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years. Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead. The general consensus in the investing community is that a Trump […]
