Priced Out America’s housing market flashed red hot during the pandemic, and even though things have changed, it hasn’t really calmed down that much yet. In response, prospective buyers who feel they can’t afford their dream home are beginning to redirect the money they saved for a down payment. Instead of building a nest-egg, many…Read more
The Consumer Is the Economy A number of economic and earnings reports this week could offer crucial insights into the current state of consumer spending, which drives roughly two-thirds of America’s economic activity. Retail earnings reports are particularly significant in light of recent cautionary statements from big-box giants like Walmart (WMT), which warned of softening…Read more
Slow Spending Strong spending has helped buoy an uncertain economy over the past few months. But American consumers might finally be tapping out. Retail sales dipped 0.1% between October and September — the first decline since March after a strong summer for consumer spending. Economic Sales Data The sales declines were broad-based, though furniture stores…Read more
