| Today's Morning News | Good Morning! So glad that you could wake up and click to read our morning newsletter. It's packed with stuff, so be sure to read all the way through! | Your Daily Cartoon | | | The Housing Market is Chaos Because of the Anticipation of November Elections | Amidst a backdrop of economic uncertainty and political anticipation, the U.S. real estate market is experiencing a significant slowdown, according to insights from Redfin CEO Glenn Kelman. Speaking on "Cavuto: Coast to Coast," Kelman provided a candid analysis of the factors currently influencing potential homebuyers' decisions. | "Housing is just in a funk. Even though interest rates have dropped 20 to 30 basis points over the past few weeks, we've seen homebuyers still on the sidelines," Kelman stated, highlighting the perplexing state of the market despite seemingly favorable conditions. | One of the most pressing concerns, as Kelman pointed out, is the looming U.S. presidential election, which appears to be causing significant hesitation among buyers. "The real issue might just be the election. We've talked to so many homebuyers who say they're going to wait to see what happens in this election. It is gripping the national psyche, as you may have heard," he explained. This sentiment underscores the broader impact of political events on economic sectors, particularly housing. | The challenges don't stop there. Kelman also touched on issues of inventory and affordability that are exacerbating the situation. "Inventory is going to remain very low for a long time, just because people who got a 3% rate aren't going to give up that loan, as you suggested. So we know that is the state of play. But even within that context, I think affordability is really a problem," he remarked. This scenario is creating a bottleneck where few are willing to sell, keeping property listings low and driving up prices. | | | Advertisement | When The Government Says "Don't Worry",Then It's Time To Panic… |
When The Government Says "Don't Worry",Then It's Time To Panic… |
As you already know, in 2008 we experienced one of the greatest financial meltdowns in modern history. Markets around the world crashed. Stock prices dropped. Once "invincible" financial institutions started showing signs of collapse. Then Governments "came to the rescue", handing out massive bailouts and stimulus packages to keep the world economy afloat. We've been told these drastic measures prevented a total collapse of our system... But all it did was show the cracks in the system. Many lost faith in the financial system and the U.S Government. |
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And now it's possible things could get worse. The savings of regular working class Americans could be in serious trouble. |
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Once investors who are buying Treasury securities (which finance the U.S. government's debt) start to think the United States is in over its head, they may demand higher interest rates to cover the growing risk of buying Treasuries. This could trigger a further debt spiral, leaving Washington short of money. |
In other words? Boom. Because once our debt collectors come knocking on our door, we're screwed. $34 trillion in debt would be owed… Which means every legal citizen would owe more than $101,000. |
But there IS something you could do… If you're concerned (and you should be) don't wait around for something to happen — you can do something NOW. Request a copy of this FREE GUIDE that explains exactly why THOUSANDS have used this IRS Loophole to possibly save their IRA/401(k). Act now! It only takes seconds. The next step is yours, and it could mean a future of wealth… or poverty. It's up to you. All you have to do is request the free guide now. |
This informative report exposes how the government's plans are affecting your retirement savings, read more here: |
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| Have a great day!
Sam Bennett | |
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