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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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At the Forum in Singapore, President Zelensky said that unfortunately, Beijing is talking the countries of "Global South" out of participating in the Peace Summit in Switzerland, suggesting instead a plan of de-facto "freezing the war" - which suits Russia.
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At the Forum in Singapore, President Zelensky said that unfortunately, Beijing is talking the countries of "Global South" out of participating in the Peace Summit in Switzerland, suggesting instead a plan of de-facto "freezing the war" - which suits Russia.
We are currently
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twitter.com)
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DOGE: Treasury is already saving hundreds of millions thanks to the DOGE team's new Automated Payment Verification System. In its first week alone, it blocked over $334M in improper payments. Before DOGE stepped in, Treasury was rubber-stamping every payment request, no questions
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DOGE: Treasury is already saving hundreds of millions thanks to the DOGE team's new Automated Payment Verification System. In its first week alone, it blocked over $334M in improper payments. Before DOGE stepped in, Treasury was rubber-stamping every payment request, no questions
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@amuse
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Mass protests erupted in Jiangyou, Sichuan, after a brutal school bullying case that reportedly implicated local police in a cover-up.
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Mass protests erupted in Jiangyou, Sichuan, after a brutal school bullying case that reportedly implicated local police in a cover-up.
On August 3, a video surfaced online showing several young women beating and humiliating another girl inside an abandoned building. In the
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It's in our interests that Ukraine is successful in defending itself against Putin's Russia, an adversary of the United States. By supporting Ukraine, we help weaken Russia's military—safeguarding our well-being, livelihoods, and the freedom and prosperity we enjoy in America.
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It's in our interests that Ukraine is successful in defending itself against Putin's Russia, an adversary of the United States. By supporting Ukraine, we help weaken Russia's military—safeguarding our well-being, livelihoods, and the freedom and prosperity we enjoy in America.
时政
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twitter.com)
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