Independent thinking for complex markets and current events
The alarming truth is that the soaring rental costs are taking a toll not only on low-income individuals but also on those with above-average incomes. This unforgiving rental market is compelling people to relocate further away from their workplaces in search of more affordable housing. 🔊 … can't afford rent Increases in rent affecting even …
In April, out of the 1.1 million listings on the market, middle-income buyers could only afford approximately 23% of them. Read more: https://t.co/pxwjiRR5xA — unusual_whales (@unusual_whales) July 27, 2023
2-year Treasury yield hits 16-year high after ADP jobs data shatters expectations The 2-year U.S. Treasury yield reached a level not seen in 16 years on Thursday as investors absorbed strong jobs data that could mean further tightening from the Federal Reserve. The 2-year Treasury was last up by more than 11 basis points at …
“Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers” Expect this to be a flashpoint issue n the 2024 presidential election if prices and/or mortgage rates don’t correct substantially by then https://t.co/NzOynYAyvG — Adam Taggart (@adamtaggart) June 13, 2023 In Phoenix, investors have sold at …