Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

BIDEN ECONOMY: And Now the Housing Market Tanks

by September 27, 2022
September 27, 2022
BIDEN ECONOMY: And Now the Housing Market Tanks

(Above – after years of working in the government Joe Biden enjoys one of his homes above.)

The Biden economy is in full swing and after destroying the stock markets, the bond markets, and people’s paychecks due to inflation, the housing market is now in the tank too.

It’s the perfect storm as the markets and everything people have and own is diminishing before their very eyes.

Joe Biden has destroyed the stock markets and the bond markets.  Stocks are down a record amount this year never seen before in US history while bonds are down the most in 49 years.

BIDEN ECONOMY: Bonds at 49-Year Low – Stocks Having Worst Year Ever!

Inflation is crushing the average American citizen and as a result the buying power of wages is being destroyed.

BIDEN ECONOMY: Average American Needs Annual Wage Increase of $11,500 to Keep Up with Biden Inflation

Now the average American’s largest asset is melting away.  Home sales are plummeting across the country.  

The Daily Mail reports:

Mortgage rates have spiked to more than 7 percent as luxury home sales plummet by 28 percent and regular market sales sink by 19.5 percent amid soaring federal interest rates and inflation.

According to Mortgage Daily News, 30-year mortgage rates have now hit 7.08 percent – the highest level in 21 years – following the Federal Reserve’s latest 0.75 percent interest rate hike.

It comes as luxury home sales see their biggest year-over-year decline in August since the pandemic brought the housing market to a standstill in 2020, with sales dropping by 23.2 percent, according to Redfin’s latest report.

As reported previously, the higher rates are expected to eventually lead to a decrease in home prices of up to 20% according to one economist.

BIDEN ECONOMY: More Bad News for the Biden Economy as Manufacturing and Home Building Take Big Hits

Not a person in America is happy about Biden’s economy.  No matter what Biden says about it, this economy is horrible across the board. 

The post BIDEN ECONOMY: And Now the Housing Market Tanks appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
The Retail Market as a Stock and Economic Indicator
next post
What is Joe Biden Hiding? Biden’s Office Concerned About ‘Political Sensitivities’ of Releasing Senate Papers Currently Under Lock and Key at University of Delaware

You may also like

Trump picks Steven Cheung for communications director, Sergio...

November 15, 2024

Sen. Tim Scott eyes possible 2024 bid with...

February 27, 2023

House Jan 6 Committee releases final 814-page report,...

December 23, 2022

It’s Not Just St. Louis – New York...

November 5, 2022

Hillary Clinton Blames Republicans for Attack on Paul...

October 29, 2022

Supreme Court preserves full access to medical abortion...

April 22, 2023

Anti-Woke Indian Immigrant Calls out Democrats on their...

December 15, 2022

‘Breathtaking speed’: Trump’s Paris trip marks return to...

December 7, 2024

Biden-Harris admin treatment of Ukraine, Israel wars ‘differs...

November 4, 2024

Biden admin faces bipartisan backlash for allowing beef...

February 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025
    • Supreme Court rules Wisconsin unconstitutionally discriminated against Christian charity

      June 5, 2025
    • Trump touts ‘very positive’ breakthrough with Xi after slamming China for trade violation

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,529)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved