Here’s a report from the Jewish CBS News operation.
The typical American cannot afford to buy a home in about 99% of U.S. counties examined in a new study. https://t.co/9CZVbWpVyJ
— CBS News (@CBSNews) September 28, 2023
They are reporting that homes are unaffordable for the average American across pretty much the entire country. 99 percent of the country to be exact.
Interest rates for mortgages are continuing to go up.
The U.S. housing market deals with another blow as mortgage rates rise to the highest level in 23 years.
The 30-year fixed-rate mortgage averaged 7.31% as of September 28
It’s up 12 basis points from the previous week — one basis point is equal to one-hundredth of a percentage… pic.twitter.com/sQFCLo56bU
— Wall Street Silver (@WallStreetSilv) September 28, 2023
Despite reports like this, we have people across the Jew news media and inside the Jew government who keep saying that the economy is doing great. Reports like this indicate that things are not great. In fact, it shows that things are the opposite of great.
This is not sustainable. The whole housing market like the commercial real estate market will totally collapse in some way shape or form. A tent or a shack is the new “starter” home.
