record-high

Another month, another record-high home price: March hits $408,800—the 33rd straight increase. 17 states now require $100K+ income just to afford the median home

Home prices just did it again. For the 33rd consecutive month, the median price of an existing home climbed—this time to $408,800 in March, a record high for the month, according to the National Association of Realtors’ existing home-sales report. Politicians from President Donald Trump to New York City Mayor Zohran Mamdani have campaigned on …

READ MORE

Record-high student loan delinquencies are hitting FICO scores and the diminishing pool of creditworthy potential homebuyers

https://qz.com/credit-scores-tank-record-student-loan-delinquencies Borrowers are falling behind on their student loan payments at a record pace — and their credit scores are suffering the consequences, a new report found. More than 10% of consumers with a student loan on their credit file haven’t made a payment in more than 90 days, according to a credit trend report …

READ MORE

Record-high U.S. consumer confidence in the stock market often signals impending downturns.

Highest ever! Renowned contrarians! (Not a precise timing indicator BUT almost always ends badly) Go figure….. US Consumer confidence about the 12m outlook for the US stock market pic.twitter.com/hGtFPqlOWG — Chris Watling (@LongviewEcon) December 3, 2024 Positioning on S&P 500 Is Very Extended pic.twitter.com/ZleRSyP4j3 — Win Smart, CFA (@WinfieldSmart) December 3, 2024 Wall Street Short …

READ MORE

Record-high national debt is fiscal time bomb for US. Congress must defuse it.

Founding Father’s fear has come true: Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. In the late 1780s, the finances of the United States were in disarray. Revolutionary War debts incurred by the Continental Congress and former colonies were defaulting, and the democratic experiment in the …

READ MORE

I Hope the Record-High Rent Unaffordability Isn’t Hurting Your Wallet Too Much Because It’s Not Gonna Get Better

via DCNF Rent prices have exploded since the end of the COVID-19 pandemic and are unlikely to moderate, with shortages in supply and price stickiness leading to current increases, according to experts who spoke to the Daily Caller News Foundation. The average price of rent for Americans increased 6.1% year-over-year in January, far higher than the rate …

READ MORE

Soft Landing Is A Lie: Record-high Pessimism As 66% Of Americans View Today’s Economy Worse Than 2008 Crash And 2020 Lockdowns Amid Persistent Inflation.

https://twitter.com/GregCrennan/status/1737172258467254709 Christmas spending increases due to inflation concerns; 24% cite inflation as the reason, while 37% cut expenses, blaming inflation, up from 15% last year. The surge in homelessness, reaching a staggering 653,104 people, unveils a heartbreaking reality in the U.S. Declining assistance packages and a shocking +20% increase in shelter costs since the pandemic …

READ MORE

Due to record-high levels of debt accumulation across sectors, rising interest rates, and inflation, the current economic situation is under threat of becoming unsustainable.

Record-High Household Debt: The fact that household debt in the U.S. has reached $17.1 trillion is alarming. High levels of household debt can strain individuals and families, making it difficult for them to manage their finances and save for the future. Mortgage Debt: The record $12.0 trillion in mortgage debt indicates a growing burden on …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.