65FINANCE
⚡ Markets: Negative for homebuilders, real estate services, and companies tied to home improvement. A significant housing downturn could be a headwind for the US economy and Fed policy.Homebuilder ETFs (XHB)US Mortgage-Backed Securities
Sales of previously owned homes in the U.S. fell for the third consecutive month in August, reaching the weakest level in over a year. The decline is attributed to soaring mortgage rates, which recently hit a 14-month high, and persistently high home prices, which are squeezing out potential buyers.
West MSM 1West Right 1Financial press 1Regional 12 countries
4 sources across the spectrum