Bessent Says High US Interest Rates May Have Caused Housing Recession
Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates said Scott Bessent.
Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates said Scott Bessent.
Billionaire investor Bill Ackman in an X post on Sunday suggested merging U.S. government-sponsored enterprises Fannie Mae and Freddie Mac.
The logjam that's hobbled the US housing market all year won't let up, and there's new data to show how badly things are stuck in 2025.
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant.
A failed attempt to sell a NYC office tower helped cause more than a year-long delay for two agencies to downgrade a commercial mortgage bond to junk.
The real estate market faces a sharp correction with losses that could take a decade to recover from, strategist says.
The veteran strategist Chris Vermeulen warns that America’s real estate market could be heading for a significant correction.