Today we learned that home prices had their largest drop since 2009. This is just a small preview of what I believe we’ll see in the coming months as the market adjusts to 7% mortgages.
In fact, a lot of the economic data will likely worsen. We just heard from the Chief Business Economist at S&P Global opine on the most recent Global Flash US Services PMI report. He said:
“The US economic downturn gathere…
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