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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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NEW: New York homeowners are getting sued by squatters who claim they were unfairly evicted from a house where they weren’t paying rent.
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NEW: New York homeowners are getting sued by squatters who claim they were unfairly evicted from a house where they weren’t paying rent.
Shortly before turning the property over to paying tenants, the owners discovered that squatters had taken over their home.
After kicking…
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twitter.com)
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Welcome home, Warriors!
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Welcome home, Warriors!
Among the Ukrainian Defenders released today are 25 officers whom Russia had previously absolutely refused to exchange.
More than half of the released defenders were captured by Russia during the defense of Mariupol. The youngest of them is 22 years old,
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twitter.com)
00:00:22
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CHECK THIS OUT: Does this sound like a world leader celebrating a ceasefire or an old senile nursing home patient mumbling about his funeral?
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CHECK THIS OUT: Does this sound like a world leader celebrating a ceasefire or an old senile nursing home patient mumbling about his funeral?
Q: How's the ceasefire holding?
TRUMP: "Ahhh, I'd say it's holding well. Ahhhhhh, their military is destroyed; their whole ahhhhhhhhh
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twitter.com)
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