The US economy is slowing. Sort of like Joe Biden sprinting from the Marine Helicopter to The White House.
The Black Knight Home Price index is showing YoY home price growth slowing to +17.3% YoY … which is still really high.
And according to Zillow, mortgage mortgage payments are up 62.3% YoY.
Today’s PMI report show the US manufacturing index tumbling toward contraction.
The US economy and housing markets are definitely slowing. As Biden/Congress continue their destructive spending ways that lead to more inflation.
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