More than 25% of homes currently on the market have cut their prices. But that’s not unusual.

The 75 basis point increase in the short-term lending rate is the largest since August 1994.

The plan was for half-point jumps in June and July as long as data came in as expected. That is no longer the case.

Higher interest rates weigh on stock prices. It’s a backdoor way of reducing people’s income via the Wealth Effect.

1st quarter GDP was -1.3%. So the focus is on THIS quarter.

Their $15 billion of inventory is 43% higher than a year-ago. Much of it was late to arrive because of supply chain issues.

Today’s ADP report showed only 128,000 jobs were filled—far off the prediction of 300,000.

This past weekend, nearly 3% of domestic airline flights were cancelled--more than the previous three Memorial Days combined.

The reality is mortgage rates are rising. That impacts affordability and could cool demand.

Despite strong consumer spending, the Commerce Department reported today that the US economy contracted by 1.5% in first quarter 2022.