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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the…
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The Kobeissi Letter
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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the median FULL year average.
This means that home prices are outperforming the S&P 493, which is the S&P 500 minus 7 tech stocks, on a YTD basis.
All as 8%+ mortgages are on the way and existing home sales hit 2010 lows.
How can this end well?
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It's curious the entire world is asking ISRAEL to stop fighting and NO ONE is asking Hezbollah to stop shooting at us! 🤔
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It's curious the entire world is asking ISRAEL to stop fighting and NO ONE is asking Hezbollah to stop shooting at us! 🤔
There are 60,000 displaced Israelis in the north.
When you see so many Iron Dome interceptions it means the rockets were directed at the denser civilian zones
时政
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twitter.com)
00:00:23
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The dispute over Taiwan goes back to China's 20th century civil war, has morphed over the decades, and is now central to the risk of a US–China WWIII.
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The dispute over Taiwan goes back to China's 20th century civil war, has morphed over the decades, and is now central to the risk of a US–China WWIII.
In my latest special report—"Taiwan: Unfinished Business," airing tonight @ 8pm ET/PT—I'll examine how we got here and what…
时政
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twitter.com)
00:00:15
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