With 19 days until the elections, voters are concerned around the economic landscape. CNBC Senior Economics Report Steve Liesman and KPMG Chief Economist Diane Swonk discuss the state of the economy and concerns about a looming recession.
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Funny. This isn't about housing prices. This is about politics.
Crashing is one word. Affordable is another word.
Welp. It's not crashing where I'm at and I've been hearing it's crashing for a month now.
"Washington doesn't do nuance and context". What better summary could you get of Washington's incompetence?
The interest rate hikes would be appropriate if inflation were driven by local overheating of the economy. It is not. These hikes are costing third world countries and first world consumers way too much.
A paradigm shift is needed: housing is a right, along with food, medicine, dental care, and education.
Wow so they are finally using the word "crashing" after mocking people who have been warning of a crash and calling them conspiracy theorists up until just weeks ago.
If you want to prevent the wage price spiral increase equity, instead of giving a raise to someone give them a portion of equity which will also help productivity. Dumping the poor onto the government's balance sheet only increases inflation as they increase their spending to meet the demand. In future cycles Increased equity distribution will also drawdown equity valuations while unemployment is increasing which will reduce government spending and household spending due to the utilization of a limited resource.
The biggest check you write every month is on high fuel not just putting in your gas tank but the extra charges for everything because of shipping costs Biden killed the economy day one when he started closing high blinds Sad that only 9% realize it
I put all my money in Pork Bellies. How can you go wrong investing in bellies!!!??
This is what happens when fools are willing to pay vastly inflated prices. Just dumb. I am 76 years old. I have successfully sold my homes when the market was up, waited then bought when the market fell. I have done this six times in a row. It’s like shooting ducks in a barrel. Simple minded folks think prices will raise forever. They don’t realize it’s a cycle.
Inflation strikes me more and more as a very course measure of economic health. Because the real problem with inflation is usually unequal inflation. In this instance energy prices. I think it's so popular to use because targeted inflation reduction actually requires public policy(politics) to stabilize prices as opposed to just giving the power to banks to effectively make investment decisions for private interests as opposed to public good.
Only way to stop this inflation is STOP BUYING INFLATED PRICED ITEMS, DO WITHOUT IT, WATCH PRICES DROP BEFORE THAN LIMIT THE BUYING.
god chuck todd is the worst. even a simple piece like this he can hardly speak. is he drunk, is he on drugs? why can't he speak english?
i just saw a video about rents in new york the guy was saying no places left and rents have doubled or more recently. maybe she means rent in the desert where no one lives there. major cities are not cheap period.
The important thing to remember is that economists are guessing just like the rest of us. The economy is controlled by multi-national businesses, not by government.
"Increase legal immigration" Spot ON! This is the USA's super power. The nearly unique ability to absorb human capital and accept them as full citizens. China won't match this.
Why do people expect the housing market to continue to appreciate as normal when it rose by 15-30% in two years? I would expect a return to the appreciation trendline at least.
There is no homes to buy WTF
I own a house, and I hope housing values decline. If the decline is enough, I might invest.
Remember 2007-2009, get ready to lose 30% of your retirement savings!!
Nothing has changed in the financial markets, in many ways those things have just gotten worse as the Party of Liars Cheats and Thieves have cut even more financial regulations!!
The commentators were a little unclear…if I'm a buyer and the housing market is going to get worse, isn't that a good thing for me?
The drug money is drying up that's all .Oliver north started it .
let's crash some more there's money to be make.
The workers of the country are trying to demonstrate the nuances but this conversation just completely ignored the facts that have created the great resignation. Oh, and what can the democrats do if reelected- lower my taxes, because my tax rate as a low income person went up during Trump’s administration and I can’t write off as much as I used to. How about that for starters?
Crazy. Can’t buy because home prices are out of reach. Interest rates increase which lowers prices but still can’t afford monthly payments. So much for the American dream that neither party is willing to restore.
I just bought a house at 6.25. Another similar house just sold a week ago at 7.25 lol. And at the same price. So I think we have a way to go
Who cares.
House prices have to crash. A 30% rise in 2 years is not something people can afford, especially with interest rates at 7% instead of 3.5%.