Recession Warning? Total US Foreclosures Starts UP 440.91% YoY In June (Black Knight)

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, China, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, GSE, Healthcare, Housing, Inflation, Mortgage, Natural Gas, New Home Sales, Oil, Powell, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

This bit of housing news won’t soothe the Biden Administration which is terrified of getting blamed for a recession.

Total US foreclosure starts are up 440.91% YoY in June, according to Black Knight.

Rising mortgage rates, declining REAL wage growth? This spells trouble in River City (Potomac River city, that is!)

Welcome to the Land of a Thousand home foreclosures!

Published by confoundedinterest17

Published