An increasing number of Americans cannot afford the higher car prices and are falling behind on record-high car payments, which adds more misery to tighter household budgets as the U.S. economy heads for a hard-landing recession after a pandemic, supply chain crisis,...
It has been a year since I penned the last chapter in a series on the housing market, and it’s time to look at what transpired since last summer and fall. The affordability factor has worsened, there are rising interest rates for mortgage debt, prices remain elevated...
Just over a decade following the real estate housing bubble bust across the nation, the market is experiencing another boom, as the folly of Wall Street and Washington never changes, it just shifts in appearance like a chameleon. Case in point is the subprime loan now...
It seems that no matter what metric one looks into lately, a “pick your poison” situation unfolds. One in particular is reminiscent of the pre-2007/2008 crisis shenanigans that took place within the mortgage industry. I’ll get to that one later. How you choose to...