Record-Low Housing Affordability and Record-High Government Debt

In this critical analysis, we examine two pressing financial issues: the housing affordability crisis and the rapid growth of government debt. We'll explore why existing home sales have fallen and how the housing affordability index has hit an all-time low, making homeownership increasingly out of reach for many Americans.

Then, we'll delve into the consequences of unchecked government spending, which has pushed our national debt to a staggering $34 trillion. We'll also discuss the recent Congressional Budget Office update, which revised the 2024 budget deficit projection from $1.5 trillion to nearly $2 trillion. Join us as we break down these complex issues and consider their potential impact on your investment portfolio.