BIG NEWS for the US housing market! Homebuying demand just fell off a cliff, dropping to the lowest pre-COVID levels since May 1995 (a 28yr low excluding late-February 2023 when looking at the MBA’s purchase index which is a measure of the amount of purchase loan applications in the US – link below). Additionally, average
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Despite persistent predictions that a recession is imminent, the U.S. economy has fared surprisingly well. The first half of 2023 notched two quarters of positive growth, while a strong labor market and resilient consumer spending bodes well for the months to come. Gross domestic product, which tracks the overall health of the economy, rose more
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In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images JPMorgan raised its global emerging markets corporate high-yield default forecast, largely due to rising contagion fears in China’s
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