• Login
USAPeriodical.com
No Result
View All Result
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
No Result
View All Result
USAPeriodical.com
No Result
View All Result
Home Business

Recession affects the Housing business as well, what more is left?

Can recession and inflation co-exist?

Harry King by Harry King
July 27, 2022
in Business
0
Recession
23
VIEWS
Share on FacebookShare on Twitter

Housing business drops to the lowest when compared to the previous two years. The buying and selling of houses in the United States have hit a rock bottom. Because of the decline in Tenets and increasing mortgage rates, the business has fallen down by 5.2% when compared to the last month. 

ADVERTISEMENT

The single house for family purchase rates has gone down by 8.1% which is mainly because of two reasons. The first reason is, of course, inflation which seems to be never-ending. And the second reason is, strangely, recession.

Recession
Recession and Inflation are co-existing in the United States of America

Both these factors are opposing any economically positive news. And this housing news adds up to the negative list. Not only purchase, but economic factors have also led to a decline in the renting business too.

On a broader scale, if we try to measure the buying and selling of new houses, the entire business has gone down to 17.4%. Real estate agents are in a state of shock as this change was very steep. On the positive side the median house business, as a whole has gone up by at least 7.4%. The market was filled with at least 457,000 new homes at the end of June. 

The housing market is directly related to the interest rates issued by the banks. And it is only natural that the interest rates are very high in this time of recession. Which explains why there is a downward trend in the housing market.

ADVERTISEMENT
ADVERTISEMENT
Previous Post

Dianna Russini’s Husband: Kevin Goldschmidt and his Profession

Next Post

The United States of America is entering a recession but is in the middle of Inflation?

Related Posts

Fortress Tax Relief Review: Can They Be Trusted to Solve Your Tax Issues?
Business

Fortress Tax Relief Review: Can They Be Trusted to Solve Your Tax Issues?

February 21, 2023
Best-paying jobs in real estate investment trusts.
Business

12 Best-Paying Jobs in Real Estate Investment Trusts And Their Benefits

February 20, 2023
Foxconn is Planning to Enter the EV Sector very Soon
Business

Foxconn is Planning to Enter the EV Sector very Soon

December 18, 2022
Trump Organization Faced Wrath of Manhattan Jury, Found Guilty
Business

Trump Organization Faced Wrath of Manhattan Jury, Found Guilty

December 7, 2022
Stock Markets Tumbled Worldwide Due to the Countrywide Protests in China
Business

Stock Markets Tumbled Worldwide Due to the Countrywide Protests in China

November 28, 2022
Twitter employees lay off started today
Business

Twitter is going to launch three verified ticks color

November 25, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Tom Hardy Wearing White Tee

Hollywood Actor Tom Hardy wins the Jiu Jitsu tournament after making an unannounced entry

September 24, 2022
Employee termination

Former Employee of Franklin Templeton, Amy Cooper, who called the 911 for the Black Bird Watcher, lost the termination lawsuit

September 23, 2022
Ukraine Russia war

No weapons will be provided to Russia, says North Korea

September 23, 2022
This Week The West Can Witness Strong Winds, Heavy Rainfall, And Snow

This Week The West Can Witness Strong Winds, Heavy Rainfall, And Snow

December 28, 2022
Polo G net worth

Polo G’s Growing Net Worth is a Result of his Multiple Musical Talents

November 4, 2022
ADVERTISEMENT

USA Periodical is a Modern News platform focusing beyond your typical news stories. We bring to you unconventional content, that you won't find on leading American dailies.

© USAPeriodical.com - 2022

  • Download App
  • Contact us
  • Privacy Policy
  • About Us
  • Join Us
DMCA.com Protection Status

No Result
View All Result
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
  • Login

© USAPeriodical.com - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.