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The SOARce

Quick Recap on Finances this Year

By Jair Argueta



This year interest rates got hiked up a lot and house prices have been increasing for most of the year. However there have been fewer buyers and less demand for loans. Not until recently, have we seen some slight drops in the prices of homes. Many have been fearing the market for the majority of the year as it's been dropping for the most part. Additionally,many have been saying that we are currently in a recession. Although as we have seen this year the U.S. government has changed the definition of a recession so, in the eyes of the government, we aren't in a recession. Elon Musk bought out Twitter for $44 billion. FTX, a massive cryptocurrency trading platform has gone bankrupt which is the latest news as it has been going on for the past few weeks and many investors in the platform have been wondering what will happen to the money that has been invested in FTX.


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