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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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Elon Musk on XChat:
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Elon Musk on XChat:
“There are just some things that are less insecure than others. So, you know, on X, we just rebuilt the entire messaging stack into what's called XChat.
It's using a sort of a peer-to-peer based encryption system. It's kind of similar to Bitcoin. I think
btc
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twitter.com)
00:01:01
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Chinese Ministry of Education just release a short clip on why underage dating is bad, preferring to focus on Gaokao so they can have a happy life.
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Chinese Ministry of Education just release a short clip on why underage dating is bad, preferring to focus on Gaokao so they can have a happy life.
What they don’t know is that they just undermine years of efforts by the Bureau of Civil Affairs who are struggling to solve the
时政
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twitter.com)
00:00:44
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🚨 🇮🇷:What if you were sentenced to death just for stopping to help someone bleeding on the side of the road?
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🚨 🇮🇷:What if you were sentenced to death just for stopping to help someone bleeding on the side of the road?
Meet Abolfazl Karimi. A 35-year-old father. A motorcycle courier just trying to make a living
This week, the regime's notorious "hanging judge" sentenced him to death
时政
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twitter.com)
00:00:14
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JD Vance accused Ukraine of “interfering” in elections in Hungary and the United States while speaking at a rally in support of Orbán. Apparently, only JD Vance has the right to interfere in elections in Hungary.
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JD Vance accused Ukraine of “interfering” in elections in Hungary and the United States while speaking at a rally in support of Orbán. Apparently, only JD Vance has the right to interfere in elections in Hungary.
Personally, I still don’t understand how the United States ended
时政
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twitter.com)
00:00:31