Housing Market
Scarred by the Great Recession, Americans are already preparing for the next economic storm
‘Consumers that think the economy is weak will spend less and business owners that think the economy is weak won’t hire more people’ Americans’ view of the strong U.S. economy appear to be increasingly heretical. One-third of people have cut their spending over the last year, new research released Monday found. Of those, 5% said…
Read MoreHousing market now ‘reminds me of 2006,’ Robert Shiller says
‘I wouldn’t expect something as severe as the Great Financial Crisis coming on right now.’ Famed housing-watcher Robert Shiller said Tuesday that the weakening housing market reminded him of the last market top, just before the subprime housing bubble burst, slashing prices by nearly a third and costing millions of Americans their homes. Home price…
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