Dismal Economic Numbers Exposing America’s Financial Freefall

Housing Market: The Worst It’s Ever Been Let’s start with the foundation of the American Dream—homeownership. Pending home sales have now plunged to their lowest level ever recorded. That’s right, not just in the last recession, not just during the pandemic lockdowns, but ever. High mortgage rates and inflated home prices have effectively frozen the market, leaving potential buyers locked out and sellers unable to move. The National Association of Realtors, which has been tracking this data since 2001, has never seen anything this bad. The government and the Fed would love for you to believe this is some kind of cyclical downturn, a temporary bump in the road. But we know better. This is a direct result of decades…