The home sales per Realtor is the lowest in history. Worse than 2008. pic.twitter.com/3bssxgN95m
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) October 15, 2023
Unaffordable housing hits a record high. Even worse than 2006 — just before the Global Financial Crisis.
Unaffordable housing hits a record high. Even worse than 2006 — just before the Global Financial Crisis.
In US cities it now takes between half and two-thirds of income to own a house. In San Francisco it’s 84% 🤯
Washington's trillions broke housing. With no end in sight. pic.twitter.com/lDQV5KSXdN
— Peter St Onge, Ph.D. (@profstonge) October 15, 2023
Households on Thin Ice
Skyrocketing vehicle ownership costs, now hitting an average of $12,000 annually, alongside surges in other essential expenses like healthcare, are placing American households in a precarious financial situation. The substantial uptick in prices for both new and used vehicles post-2020 and ballooning big-ticket essential expenses are shrinking budgetary flexibility, indicating an increasingly fragile economic stability for numerous households amid these escalating costs.