Creditnews

America’s housing crisis is making headlines as Creditnews shines a spotlight on the grim reality facing millions of Americans. After evaluating the 50 largest metro areas based on mortgage affordability, bargaining power, and other criteria, Creditnews found that it has never been a worse time to be a first-time homebuyer in America. Many would-be homeowners are priced out of the West Coast, Northeast, and Tri-State areas, leaving them with few affordable options in the old Rust Belt and parts of the Southern United States. The reason? Chronically low housing inventory. Creditnews found that in an overwhelming number of metro areas, first-time homebuyers are competing for a shrinking supply of homes that just fly off the market. So, where does your city rank? ✅ Read the full report here: https://lnkd.in/gczmAi_h #housing

Nearly half of Americans will run out of money in retirement, study shows. 💰🚫 Are you saving enough for retirement, or are you leaving it up to luck? 🍀 🔗: https://lnkd.in/dgJqMWiq #RetirementPlanning

San Francisco Fed President Mary Daly is on board with the central bank’s jumbo-sized rate cut in September and call for more ✂️ 🔗Read more: https://lnkd.in/ddEpcxpE #InterestRates

Investors—who have been a key player in the U.S. real estate boom—are starting to have second thoughts—especially when there are far less risky options available. #investing #realestateinvesting

2024 is on track to be the worst year for corporate bankruptcies in decades, raising red flags about an economy that policymakers claim is in good shape 🚩🚩🚩 👇🏻Link in the comments👇🏻 #economy

Ironically, Fed rate cuts have made mortgages more expensive 📈 👇🏻Link in the comments below👇🏻 #mortgage

2024 is on track to be the worst year for corporate bankruptcies in decades. A major red flag in the surge of corporate bankruptcies is their concentration in consumer-facing industries, especially in the consumer discretionary sector—businesses that offer non-essential goods and services like restaurants, clothing stores, and hotels. This sector plays a key role in the consumer-driven economy, which makes up over 70% of U.S. GDP. 🔗: https://lnkd.in/dkwWPUrt Quote by Michael Maharrey at Money Metals Exchange #recession

Commerce Dept eases rules for space companies. What’s next for space investing? 🚀 #SpaceX #investing SpaceX Anduril Industries

Did Netflix win the streaming wars? 🏆 By Peter L. Supino at Wolfe Research, LLC #netflix #streamingwars #wwe

A comfortable retirement is out of reach for 45% of American households, according to Morningstar research 👴👵 #retirement