A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. With US mortgage rates rising to 15-year highs hovering around 7.2% to start the post-Labor Day period, the difference between new 30-year home loan rates and on all outstanding US mortgage debt has not been this wide since the 1980s. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
(NewsNation) — A new LendingTree report highlights what Americans can expect from the economy in 2024.
The U.S. economy is showing resilience in various aspects, with low unemployment, cooling inflation growth, and a steadily growing gross domestic product (GDP). However, challenges persist as inflation remains high, housing costs soar, debt delinquencies increase, personal savings rates are low, and household debt remains high.
While a…
