Housing market could be thrown into disarray

over the decision to raise the government's borrowing cap before the country runs out of money to pay its bills—something that could happen as early as June 1.

This stock image shows a man balancing a house on top of a teetering tower of bricks to represent the housing market. A debt default could be disastrous for the U.S. housing market, economists warn.David Stevens, the former CEO of the Mortgage Bankers Association and a former Federal Housing Administration commissioner during the Obama administration, toldTucker's report estimates that existing home sales volume would fall from a seasonally adjusted annual rate of 4.3 million in April to 3.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of England hikes interest rates for 12th time in battle with inflation | CNN BusinessThe Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking the cost of borrowing for the twelfth consecutive time as it battles inflation above 10%
Source: cnni - 🏆 326. / 59 Read more »