MAJOR NEWS in the Housing Market – Biden Forgives Student Loans – Massive Earnings – Thursday, August 25, 2022

Housing prices fell for the first time in 3 years, and the drop was massive! Housing prices fell by the most since the Great Recession, and July just posted its 2nd worse month in over 30 years. Further, home affordability is the currently the worst on record. This is officially the worst housing market in history, and has a lot of people fearful of a housing market crash worse than the housing market crash of 2008. Meanwhile, President Biden just forgave student loan debt and further delayed student loan payments. And multiple companies reported earnings after the close on Wednesday. We have all the earnings news for you including Snowflake earnings, Salesforce earnings, and Nvidia earnings. We also cover the other important stock market news including Peloton selling on Amazon, the Tesla stock split, and Apple announcing the release of the iPhone 14.

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