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The drop happened fast! If you blinked sometime in February, you might’ve missed that we were at new all-time highs. Now? We're in full correction territory. Just yesterday, the S&P 500 fell more 2%, and now close to 10% in less than a month. Not
Did you know that 56% of Wisconsin’s agricultural exports could be impacted by tariffs from Canada, Mexico, and China? Wisconsin now represents the 11th largest exporter of agricultural products in the U.S., up from 13th in 2023 (WI DATCP). In 2024, Wisconsin’s agricultural exports reached $3.97
So, here’s something no one seems to be making a big deal about: tariffs are rising fast, and they’re dragging the US economy down. You won’t hear much about it in the headlines, but the effects could start to pile up. Higher prices, weaker growth, and more
In the past year, gold has been steadily climbing, central banks have been buying at record levels, and the macro setup could be pointing to its biggest move in decades. But, it doesn't seem like investors aren’t paying attention. Stocks dominate the headlines, and gold still carries
Every time the market rallies to new highs, people start asking the same question: Are we in a bubble? And every time, the answer is basically the same: maybe, but we won’t know until it pops. That’s how bubbles work. They never feel obvious in real-time. The 1999
Owning a home has always been an American dream, but data tells us a different story for the future of homebuyers in our economy.
According to the Federal Reserve Bank of Atlanta, the Home Ownership Affordability Monitor (HOAM) index reveals some news: home affordability is in the dumps again. The index measures how well a median-income household can cover the annual costs of owning a median-priced home, and the results aren't pretty.
If you're dreaming of home ownership, brace yourself. Higher home prices and increased interest rates mean have impacted many people’s intentions of owning a home.
There are several factors impacting our affordability:
Housing Starts: Housing starts (AKA new homes being built) have, for a long time, not been able to meet demand. From Business Insider, "This year, the construction industry is short about 500,000 workers".
Mortgage Rates: The federal reserves' rate hikes that ended in July of last year have increased borrowing costs for consumers. Mortgage rates have skyrocketed in part because of their action.
Wages: Slow wage growth coupled with sticky inflation has been a root cause in our housing affordability. Since 2020, nominal wages in the U.S. have risen 13.6% vs 30% for median home prices.
The bottom line?
It's not all doom and gloom! It's important to understand how our economy is navigating this trend in real estate. By staying informed on these insights, you can make smarter decisions, approaching the housing market more wisely.