Mortgage applications to buy a house just COLLAPSED by 41% YoY. Down to the lowest level in 28 Years. Even worse than the mortgage crash that occurred in 2008. Areas hit hard so far include North Carolina, Arizona and Nevada.
The end result: Look for a larger collapse of the home sales market, precipitating a deeper recession later in 2023. Here’s the scuttlebutt from Reventure Consulting.
American stocks crumble as investors react to Joe Biden’s BS horrible economic policies. He has wrecked the energy companies, ravaged the home-buying market and spurred inflation to levels we haven’t seen in more than 40 years.
In other words, it doesn’t matter whether a stock’s on the Dow Jones or NASDAQ, it’s likely tanking under this knuckle-headed president. He had sapped almost all potential for growth, not only stirring rough tides for investors, but also destroying the retirement funds of the average American. It’s high time to boot out the Democrats and their wackadoodle leftism. More from Styxhexenhammer666.
Josh Sigurdson reports that historic drops in mortgage demand–the lowest in 22 years–coupled with housing-inventory rises for the first time sine 2019, signals the Deep State’s Great Reset is right on course.
“It’s been so manipulated, it’s been so taken over by BlackRock and other similar companies. We’re looking, basically, at a housing Armageddon coming soon,” Sigurdson says. He welcomes The Liberty Advisor’s Tim Picciott to discuss the dire news.
