The US economic system is slowing. Kind of like Joe Biden sprinting from the Marine Helicopter to The White Home.
The Black Knight Residence Worth index is exhibiting YoY residence value progress slowing to +17.3% YoY … which continues to be actually excessive.
And based on Zillow, mortgage mortgage funds are up 62.3% YoY.
In the present day’s PMI report present the US manufacturing index tumbling towards contraction.
The US economic system and housing markets are positively slowing. As Biden/Congress proceed their damaging spending ways in which result in extra inflation.
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