Merritt Wever Was Ready to Play Someone ‘A Little Rotten’ in ‘Primetime’

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-25 • Permanent link

Rising interest rates have dealt a devastating blow to the US housing market, with Zillow's latest forecast revealing a 12% drop in existing home sales in August, and a 7% decrease in median home prices from the previous month. The National Association of Realtors reported that the existing-home sales figure was the lowest since February 2022, while the median home price fell to $373,000, down from $401,000 in July. Industry insiders are warning of a prolonged downturn, with many analysts predicting a housing recovery that may take years to materialize.

As the housing market teeters on the brink of collapse, investors are feeling the pinch, with many seeing their portfolios take a hit. The decline in housing prices has reduced the value of mortgage-backed securities, which have been a staple of many investors' portfolios. This, in turn, has led to a sharp decline in the value of the S&P 500, with many experts warning that the impact will be felt across the broader economy. The National Bureau of Economic Research has already sounded the alarm, warning of a potential recession.

Since the 2008 financial crisis, the US housing market has been a key driver of economic growth, with a strong recovery in housing prices helping to propel the economy out of the recession. However, the current downturn has been fueled by rising interest rates, which have made borrowing more expensive for consumers and investors alike. According to a report by the Federal Reserve, the 30-year fixed mortgage rate has risen by over 2% since the start of the year, making it more expensive for people to buy or refinance their homes.

What's next for the US housing market is anyone's guess, but experts warn that the downturn is likely to be prolonged. The Federal Reserve has already signaled that it will continue to raise interest rates to combat inflation, which will only exacerbate the housing downturn. Meanwhile, lawmakers are calling for a stimulus package to support the housing market, but it's unclear whether the government will act in time to prevent a full-blown crisis. As the situation continues to unfold, one thing is certain: the US housing market will be a key focus of attention in the months to come.