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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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ELON: GROK IS THE BEST ASSISTANT TO FIGHT PROPAGANDA
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ELON: GROK IS THE BEST ASSISTANT TO FIGHT PROPAGANDA
“You just press the Grok icon on any 𝕏 post and it will analyze it for you and research it as much as you want.
So, just by tapping the Grok icon, you can assess whether that post is the truth, nothing but the truth, or
btc
(
twitter.com)
00:00:49
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