Part 7/8:
The holiday shopping season appears shaky. While reports suggest potential record-breaking spending, actual foot traffic and retail performance are less optimistic. As indicators show declining spending habits, critical businesses are facing bankruptcy, raising the question of whether consumers will indeed part with their dollars at levels previously predicted.
Looking Forward: Interest Rates and Economic Outlook
Looking to the future, the housing sector's stability remains tenuous. With rising mortgage rates and potential Federal Reserve actions looming in 2025, many homebuyers are bracing for higher costs. Economic experts are divided over whether interest rates will be reduced rapidly or remain stagnant to combat persistent inflation.