Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

Federal Reserve: The Fed rises again with a three-quarter point rate hike in a row

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a 75 basis point increase in a row in a strong move to deal with it The severe inflation that the American economy was suffering from. The massive rally, which could not be understood by markets just months ago, is taking … Read more