Homeownership is the pathway to wealth. Most aspire to work hard and live the American Dream by becoming proud homeowners. It is not a Republican or Democrat issue, it is an American issue, a common ground despite political beliefs. In recent years, we have seen this goal and aspiration fade away. The stress on the housing market decline is not based on feelings or sentiment, it is based on facts and data.
The Trump campaign put out a video on August 28, 2024 titled “Kamala Harris has COMPLETELY DESTROYED the housing market…” The video presented news clips with supporting data describing how home ownership has become unattainable for average Americans. This presentation is in line with what I presented in my WarRoom interview on Augst 27, 2024. The Trump campaign video has the finger on the pulse of average Americans who want to own a home but can’t afford it.
As was presented on WarRoom, Americans are faced with a drastic decline in affordability in the last 3 to 4 years. Mortgage rates during the Trump administration were at record lows around 3%, but with inflation on the rise, mortgage rates have soared and are currently hovering around 7%. For every 1% increase in mortgage rates, a potential homebuyer loses about 9% of buying power. This is an astonishing number when you put it into perspective. This means that when rates were 3%, if you were able to afford a $500,000 home, now with rates at 7% you are only able to afford a home in the low to mid-$300,000 range.
Not only have high mortgage rates affected the affordability for most Americans, soaring home prices due to low inventory has further put a strain on the housing market. Recent Fannie Mae statistics unveiled that 62% of existing homeowners had mortgage rates of less than 4%. There is no surprise that now with rates at 7%, many existing homeowners are staying put. They are not giving up their low mortgage rates for higher payments, and you can’t blame them. As a result, the supply of homes for sale has been depleted to record low levels while the demand has not decreased at the same rate. As a result, more demand is vying for fewer homes resulting in multiple offers and soaring home prices. […]
— Read More: warroom.org
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Biden-Harris Price Controls Causing Senior Drug Prices to Skyrocket
by American Greatness
If there’s one axiom, we all know about Washington, D.C., is that it’s full of well-intentioned policies and unintended (read: harmful) consequences. A recent reminder of unintended policy consequences is the so-called Inflation Reduction Act (IRA). The IRA was passed in August 2022, and according to its champions in Congress…
Carney on ‘Kudlow’: The Fed Tied Its Own Hands With Rate Cut Decision
by Breitbart
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney stated that the Federal Reserve should have waited until after the election to make rate cuts and that by announcing a cut of 50 basis points now, the Federal Reserve has locked itself into doing…
Leftists Deserve the J6 Treatment
by J.B. Shurk
Remember: illegally appointed special counsel Jack Smith is prosecuting President Trump in D.C. for exercising his constitutional right to free speech after the 2020 election. Smith’s case essentially claims that Trump was not entitled to question the legitimacy of the mail-in ballot–tainted election and that his refusal to concede to Joe Biden…
CEOs Scale Back Hiring Plans Amid Weaker Sales Projections, Cooling Economy
by The Epoch Times
America’s corporate leaders plan to pull back on hiring over the next six months and expect a slowdown in sales, according to a survey of CEOs, which comes as cooling in the jobs market has prompted the Federal Reserve to deliver a significant 50 basis-point rate cut. The Business Roundtable’s…
Special:
Stock up on long-term storage steak with 25-year shelf-life and take advantage of 35% off with promo code “freedom35” – this week only. Visit Prepper All-Naturals and secure your family’s future with freeze dried Ribeye, NY Strip, Tenderloin, and more.
SAVE Act Paired With Spending Package Fails to Pass House
by The Post Millennial
On Wednesday, the SAVE Act, paired with a stopgap government funding package, was voted down with 202 yeas and 220 nays. This comes as illegal immigration and border security combined with concerns over voter fraud have been raised in the country. The Safeguard American Voter Eligibility (SAVE) Act paired with…
Top 5 Prepping Myths Debunked
by Natural News
Preppers don’t always have a good reputation. In fact, non-preppers might even think preppers are paranoid hoarders or gun-crazy hermits. But that’s the furthest thing from the truth. In reality, preparedness is about making sure your family is safe during emergencies. It’s also focused on self-sufficiency. Below are common myths…
Less Than 50 Days Until Life in America Changes Forever, and Our Nation Is Primed for Massive Civil Unrest
by Michael Snyder
(The Economic Collapse Blog)—Years of extremely inflammatory rhetoric from the mainstream media and from many of our leaders have brought us to the brink of a societal nightmare. The numbers that I am about to share with you are horrifying, but it is so important for us to understand what…
Car Insurance up a Whopping 55% in Biden-Harris Admin’s America
by Breitbart
Car insurance rates have skyrocketed under the leadership of President Joe Biden and Vice President Kamala Harris, and Americans are feeling the squeeze. Data from the Bureau of Labor Statistics show that car insurance prices rose 55 percent from January 2021 — when Biden and Harris first took office —…
Americans Concerned About Retirement Should Work With This Christian Gold Company… Even if They’re Not Christians
by Sponsored Post
It isn’t difficult for Christians to embrace the tenets of the Bible. Contrary to popular belief, a Biblical worldview is not restrictive. It is empowering. It is not boring. It is thrilling. The only thing that makes it challenging is our nature as flawed humans, but we should strive to obey what Jesus Christ told us in Matthew 22:37-40 …
The Secret Service Has a $3B Budget. It Doesn’t Need More Money.
by Frontpage Mag
The usual D.C. response to government failures is to call for more money. This time it’s for the Secret Service. There’s now a back-and-forth between congressional Republicans and Democrats over Secret Service funding. The Dems and the media are playing the usual Catch-22 game. Either Republicans increase spending or the…
Economist Group Has 45 DEI Panels, Refuses One on Hayek
by The College Fix
The American Economic Association found space for at least 45 panels on DEI at its upcoming conference – but had no room for a discussion about economist Friedrich Hayek. Chapman University Professor Mark Skousen revealed how he wanted to organize a discussion about Hayek, a Nobel Prize-winning libertarian economist famous…
Oracle Founder Larry Ellison Imagines a Dystopian Future of Constant AI-Powered Surveillance to Enforce “Best Behavior”
by Didi Rankovic, Reclaim The Net
(Reclaim The Net)—Larry Ellison, co-founder, chairman of the board, and chief technical officer of Oracle, has revealed where he sees the world going in one particular aspect – continuous, real-time control of people. It is a dark place of “AI” (machine learning, ML) mass surveillance, which Ellison wants to make…
Tim Walz Stumped By Question on Inflation; Repeats Lie About Trump ‘Sales Tax’
by Breitbart
Minnesota Gov. Tim Walz, the Democratic nominee for vice president, was stumped Tuesday when asked by a reporter to explain what he and Vice President Kamala Harris would do for families struggling financially. In an interview with local Macon, Georgia, CBS affiliate WMAZ, Walz first said that he and Harris…
Shocking Number of Democrats Say America Would Be “Better Off” if Trump Had Been Killed
by Rob Bluey
(The Daily Signal)—More than 1 in 4 Democrats believe America would be better off if former President Donald Trump had been assassinated, according to a poll released Wednesday. Veteran pollster Scott Rasmussen‘s national survey of 1,000 registered voters, conducted by RMG Research for the Napolitan News Service, asked Americans about…
Kamala Harris Says She is Open to Slavery Reparations and Won’t Discount ‘Executive Action’ (VIDEO)
by The Gateway Pundit
Vice-president Kamala Harris has signalled her openness to the idea of reparations for black people, saying she would not rule out executive action if she wins the White House in November. Speaking to the National Association of Black Journalists on Tuesday, Harris was asked about her position on the issue,…