US housing market

JPMorgan’s Chief Strategist Reiterates Bearish Outlook, Says The S&P 500 Will Fall 23% By Year-end

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JPMorgan Chase chief global market strategist and co-head of global research, Marko Kolanovic, reportedly said last week in a mid-year outlook that the S&P 500 will drop almost 23% from 5,483 on June 27 to 4,200 by the end of 2024 amid an economic slump and headwinds like downward earnings revisions. US real gross domestic … Read more

US Housing Affordability Crisis Won’t Improve Until 2026 As Rates and Prices Remain Too High, Analysts Say

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Bank of America (BofA) analysts recently noted that the prolonged US housing affordability crisis won’t improve until at least 2026 due to rising property prices and short supply as homeowners stay locked in due to elevated mortgage rates. While the US housing market appeared to stabilise after years of muted activity due to the pandemic, … Read more