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Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “home sales“

Dark Ages Housing and US manfuacturing
January 22, 2024 Peter's Podcast

Peter Schiff: The Dark Ages for US Housing and Manufacturing

The president touted a manufacturing renaissance. However, economic indices show US manufacturing entering a Dark Age. Home sales are not looking bright, either.

January 24, 2023 Key Gold Headlines

Existing Home Sales Chart Longest Streak of Declines Ever

The US economy runs on money printing and artificially low interest rates. Nowhere is that more obvious than in the housing market. With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in […]

December 22, 2022 Key Gold Headlines

Existing Home Sales Fall for 10th Straight Month as Housing Bubble Continues to Deflate

The US housing bubble continues to lose air at a rapid rate. Existing home sales fell for the 10th straight month in November. This stretch of declining home sales is longer than the housing bust preceding the 2008 financial crisis.

October 25, 2019 Friday Gold Wrap

It’s Deja Vu All Over Again: SchiffGold Friday Gold Wrap Oct. 25, 2019

We’ve talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it’s eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It’s a little like deja […]

January 23, 2019 Key Gold Headlines

Existing Home Sales Plunge; Biggest Year-on-Year Drop Since 2011

Here’s another sign that the air is coming out of housing bubble 2.0. Existing home sales fell 10.3% year-on-year in December. Sales, including single-family houses, townhouses, condos, and co-ops, dropped to a seasonally adjusted annual rate of 4.99 million homes, according to the National Association of Realtors. This ranks as the biggest year-over-year drop since May […]

January 2, 2019 Key Gold Headlines

Pending Home Sales Tank in November

Pending home sales hit the lowest level in nearly five years in November, a sign that the US housing market will continue to get uglier in the near future. Not too long ago, we reported that the air was starting to come out of housing bubble 2.0. As just one example, home sales in California hit […]