New data out Tuesday shows new home sales rose for the third month in a row in May. And the prices of homes are still very high. Why is the housing market so strong? So we have this crazy supply, demand and balance in housing like we have in everything else. This kind of happened coming out of the Great Recession financial crisis.
Americans are experiencing a “personal recession” with debt hitting its highest levels in history. Rising mortgage rates and institutional buyers have all combined to disrupt the American dream of home ownership. In this episode we speak to recovering investment banker Carol Roth, author of You Will Own Nothing about how Wall Street is benefitting at the expense of the average American. Get the facts first on Morning Wire.