U.S. home sales plummeted year-over-year last month, declining as well on a monthly basis in an ongoing indication of the cooling housing market amid rising interest rates.
Sen. Ron Johnson (R-Wis.) illustrated in a statement on Sept. 20 how soaring inflation has eroded Americans’ purchasing power, pointing out in stark terms that $1 at the start of the Biden administration is now effectively worth just 88.3 cents.