It’s not just the housing market that’s depressing Americans. Broader worries about the economy are now weighing on sentiment., That marked a survey high.. That’s up 7 percentage points from last month, with the vast majority once again saying inflation is the main culprit.
Rates have hovered above 7% since mid-August, a stretch not seen since 2000. And though the 30-year fixed mortgage rate paused its multi-week climb toward 8% last week, "geopolitical uncertainty and continued ambiguity" around the Federal Reserve’s next moves "continue to stall improvements in the housing market," Freddie Mac chief economist Sam Khater said last week.
"Traditionally when rates go up, prices go down to compensate for that. But when you have restricted inventory, prices aren’t going down, so you just are left hanging in there," Ruben said. "It’s really depressed the market." "Although the labor market is strong and wages have risen in the past year, consumers may believe that their purchasing power has not kept up with prices," Duncan said. "Across all income groups, inflation has consistently driven the 'wrong track' belief since the end of last year, suggesting consumers are fed up with the high prices of many goods and services.
One TSX stock has turned $10,000 into over $1 million in fewer than 15 years. Here's why it still might be a great investment. The post 1 Magnificent TSX Stock That Turned $10,000 Into $1.17 Million appeared first on The Motley Fool Canada.Dividend income can be a saviour, but it can be incredibly expensive to bring in if you don't consider these other alternatives.