The post The value of US homes recorded its biggest six-month drop since 2008 appeared first on Weekly Real Estate News.
The value of US homes recorded its biggest six-month drop since 2008
Weely Real Estate News
China real estate and global debt woes show problems that led to 2008 financial crisis remain
Source: South China Morning Post — Central banks are raising interest rates to quell inflation, China’s real estate market is imploding and public debt is at record levels worldwide. Could the maelstrom that is building turn into another […]
Economy
US credit card debt tops $1 trillion, overall consumer debt little changed
(Reuters) – Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the first time even as […]
Weely Real Estate News
Powell warns of a correction in the once ‘red-hot’ housing market
Source: Boston — Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policymakers’ interest-rate hikes. “We’ve had a time of a red-hot […]