The alarming trajectory of the housing market, coupled with the economic fallout witnessed across retail and services, paints a grim picture.

Sharing is Caring!

In an unprecedented turn of events, the housing market is plunging at an unprecedented rate, marking the fastest crash in recorded history. Eric Bowlin, a housing market analyst, reveals chilling statistics, stating that only five periods since 1963 have witnessed housing prices drop by more than 2% over any 12-month span, with 2024 joining the ominous list alongside 1969, 1990, 2008, and 2019.

The distressing reality extends to the median sales price of houses, which has experienced its most substantial year-over-year decline on record. As the housing market trembles, it sends shockwaves through the broader economic landscape, raising concerns about the health of the nation’s economy.

See also  South Florida's housing bubble: Crisis looms with overvaluation, instability, $633.8 million CLOs this year, $1.3 billion next.

Under the shadow of what some are calling ‘Bidennomics,’ major corporations are taking drastic measures in response to economic uncertainties. Macy’s, an iconic retail giant, is shutting down 150 stores. H&M, a global fashion retailer, has filed for bankruptcy. The impact is not limited to retail, as Outback Steakhouse announces the closure of 41 locations, and Rite Aid is forced to shutter 200 pharmacies.

As the economic downturn continues to unfold, these distressing indicators prompt a closer examination of the current economic policies and their implications. With major players in various industries feeling the pinch, the question looms: Is everything truly fine?

See also  The Solution to America’s Economic, Social, and Structural Problems Is for the Government to Do LESS, Not More


Views: 173

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.