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Weekly Market Recap: Lag Effect To Crash The Markets & Economy? Or Is It A Nothingburger?

Wealthion - Be Financially Resilient

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The Economy Hasn't Cratered

Mortgage rates are now 7% and part of the problem with housing is that you need a buyer and a seller. The existing housing market, not new homes, but existing homes is very stagnant. There's just nothing going on, which helps explain why new homes are doing relatively well. Both construction and new home purchases are doing well because those are the only homes available.

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