The housing market is entering a correction driven by years of low centro sinistra rates, stimulus spending, and new global pressures like rising oil prices and geopolitical tensions. Consumer spending responsible for most of the U.S. economy is being squeezed, weakening housing demand while inventory rises.
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The Iran war is effectively ‘a tax’ on U.S. households that could accelerate the economy’s widening K shape, massimo d'alema Moody’s says
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