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As Thanksgiving approaches, Americans prepare for a holiday marked by higher grocery prices this year.
As Thanksgiving approaches, Americans prepare for a holiday marked by higher grocery prices this year.
 
Americans are expected to spend more on food through the rest of 2023 and into 2024 as prices continue to rise even as President Joe Biden touts his record on inflation and “Bidenomics.”
Americans are expected to spend more on food through the rest of 2023 and into 2024 as prices continue to rise even as President Joe Biden touts his record on inflation and “Bidenomics.”
 
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
 
Sen. Tim Scott (R-SC) condemned the Biden administration for implementing energy efficiency standards for mobile homes in a rule that will increase costs for low-income households.
Sen. Tim Scott (R-SC) condemned the Biden administration for implementing energy efficiency standards for mobile homes in a rule that will increase costs for low-income households.
 
New worries as home values plunge in a decrease that hasn’t been seen since the Great Recession
New worries as home values plunge in a decrease that hasn’t been seen since the Great Recession
 
Democratic and Republican members of the Senate Banking Committee drew attention on Thursday to the effect of low housing supply on prices.
Democratic and Republican members of the Senate Banking Committee drew attention on Thursday to the effect of low housing supply on prices.
 
President Joe Biden will deliver an hour-long address to America on Tuesday, laying out just how great everything is and delivering a mind-numbing laundry list of everything he hopes to do in the future.
President Joe Biden will deliver an hour-long address to America on Tuesday, laying out just how great everything is and delivering a mind-numbing laundry list of everything he hopes to do in the future.
 
Illinois GOP Congresswoman Mary Miller, apparently fed-up with President Biden’s habit of prevaricating, said bluntly that she will not attend his State of the Union speech on Tuesday.
Illinois GOP Congresswoman Mary Miller, apparently fed-up with President Biden’s habit of prevaricating, said bluntly that she will not attend his State of the Union speech on Tuesday.
 
Goldman Sachs recently informed its clients that it expects home values to tank in four major markets across the U.S. amid worsening economic conditions.
Goldman Sachs recently informed its clients that it expects home values to tank in four major markets across the U.S. amid worsening economic conditions.
 
North Carolina’s urban counties are growing quickly, as is demand for new housing
North Carolina’s urban counties are growing quickly, as is demand for new housing
 
Eleven major metropolitan areas in the United States saw median rental rates decline last month, according to an analysis from real estate brokerage Redfin, as economic headwinds and inflationary pressures discourage renters from moving.
Eleven major metropolitan areas in the United States saw median rental rates decline last month, according to an analysis from real estate brokerage Redfin, as economic headwinds and inflationary pressures discourage renters from moving.
 
Home prices are falling at a record pace, according to data from S&P Global released Tuesday.
Home prices are falling at a record pace, according to data from S&P Global released Tuesday.
 
Families are feeling the pinch as cost of living continues to increase in North Carolina’s capitol
Families are feeling the pinch as cost of living continues to increase in North Carolina’s capitol
 
Markets are worried that Swiss investment bank Credit Suisse is poised for bankruptcy.
 
Rental costs are continuing to rise across the United States, with some large cities posting decreases in median one-bedroom rent.
Rental costs are continuing to rise across the United States, with some large cities posting decreases in median one-bedroom rent.
 
The American economy is expected to grow at a paltry 0.3% annualized rate in the third quarter of 2022, according to data from the Federal Reserve Bank of Atlanta.
The American economy is expected to grow at a paltry 0.3% annualized rate in the third quarter of 2022, according to data from the Federal Reserve Bank of Atlanta.
 
Mortgage rates are approaching 7% as the housing market continues to experience turmoil.
Mortgage rates are approaching 7% as the housing market continues to experience turmoil.
 
Raleigh, Charlotte Also Given Green Light to Finance Over Half-Billion Dollars in Bonds
 
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
 
Federal Reserve Chair Jerome Powell vowed on Friday that the central bank remains committed to returning the economy to a stable rate of inflation.
Federal Reserve Chair Jerome Powell vowed on Friday that the central bank remains committed to returning the economy to a stable rate of inflation.
 
Home prices are beginning to fall in many American cities after nearly two years of increases, according to a report from real estate brokerage Redfin.
Home prices are beginning to fall in many American cities after nearly two years of increases, according to a report from real estate brokerage Redfin.
 
The Inflation Reduction Act, which President Joe Biden is poised to sign on Tuesday, will raise taxes on companies by a net $197 billion over the next decade.
The Inflation Reduction Act, which President Joe Biden is poised to sign on Tuesday, will raise taxes on companies by a net $197 billion over the next decade.
 
Confidence among home builders fell for the eighth consecutive month, indicating that the United States has entered a housing recession, according to a Monday release from the National Association of Home Builders.
Confidence among home builders fell for the eighth consecutive month, indicating that the United States has entered a housing recession, according to a Monday release from the National Association of Home Builders.
 
The housing market is expected to cool as demand moderates, according to a Wednesday report from government-backed mortgage enterprise Freddie Mac.
The housing market is expected to cool as demand moderates, according to a Wednesday report from government-backed mortgage enterprise Freddie Mac.
 
After a historic period of rock-bottom interest rates and equally historic infusions of cash into the economy during the COVID-19 pandemic, the Federal Reserve raised interest rates yesterday by a half of a percentage point
After a historic period of rock-bottom interest rates and equally historic infusions of cash into the economy during the COVID-19 pandemic, the Federal Reserve raised interest rates yesterday by a half of a percentage point
 
People are migrating to North Carolina in droves. The Tar Heel state has seen 10% population growth in just 10 years and is one of only six states gaining a congressional seat based on the latest Census.
People are migrating to North Carolina in droves. The Tar Heel state has seen 10% population growth in just 10 years and is one of only six states gaining a congressional seat based on the latest Census.
 
Inflation has reared its ugly head at the gas pumps and grocery aisles, to be sure, but one of the biggest ticket items on the Inflation Wheel of Misfortune is housing.
Inflation has reared its ugly head at the gas pumps and grocery aisles, to be sure, but one of the biggest ticket items on the Inflation Wheel of Misfortune is housing.
 
A glut of food manufacturers are admitting they plan to raise prices next year due to rising costs.
A glut of food manufacturers are admitting they plan to raise prices next year due to rising costs.
 
American investment banks are purchasing single-family homes in an effort to profit upon skyrocketing rent and property values.
American investment banks are purchasing single-family homes in an effort to profit upon skyrocketing rent and property values.
 
The Chinese Communist Party is regulating the nation’s real estate sector to ensure that families can afford housing.
The Chinese Communist Party is regulating the nation’s real estate sector to ensure that families can afford housing.
 
Home prices continue to reach record highs in the United States.
 
Press Briefing by Press Secretary Jen Psaki, February 23, 2021
 
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