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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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由
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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You can just one tap launch Grok instantly on your laptop
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You can just one tap launch Grok instantly on your laptop
No need for opening the full Chrome browser every time you want to use Grok
Here is the simple three-step process to install it:
Head to grok. com in Chrome
Step 1 ➝ Click the icon at the top-right of the search bar
btc
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twitter.com)
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X Freeze
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🇺🇦 Zelensky rejects US plan for Ukrainian troop withdrawal
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🇺🇦 Zelensky rejects US plan for Ukrainian troop withdrawal
Ukrainian President Volodymyr Zelensky rejected a US proposal that would require Ukrainian troop withdrawals without a corresponding Russian pullback, calling it unacceptable during comments to reporters on December 20
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twitter.com)
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Gandalv
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