Surprise! Citi Economic Surprise Index Crashes To -7.30 (Home Prices UP 32% Under Biden, Mortgage Rates UP 160%)

#bubble, #inflation, #wine, Banking, China, CMBS, CRE, Credit, Cryptocurrencies, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Pension, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Wages, Yellen, Yield Curve 1 Minute

Surprise! Just in time for the November election, this is a negative surprise that Biden doesn’t want to hear.

The Citi Economic Surprise index crashed to -7.30, the lowest since January 2023.

Under Biden’s leadership (hell, he and his family already own several mansions … on a Senator’s pay), home prices are up 32% under Biden and mortgage rates are up a staggering 160%.

Getting young households who rent to buy a home in this environment will require magic.

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Published by confoundedinterest17

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