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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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"There's no one's house in Japan, we Chinese people can live in it! "
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"There's no one's house in Japan, we Chinese people can live in it! "
The Chinese influencer live in Ji-an Village, Wakayama Prefecture, Japan, illegally invaded other people's houses and instigated the Chinese to occupy them directly, no one knows.
Proletarians are roaming
时政
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twitter.com)
00:01:10
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A 59-year-old “Japanophobic,” Chinese nationalist, stabbed two Japanese men and a Chinese woman at a Japanese restaurant in Shanghai. 🙄
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A 59-year-old “Japanophobic,” Chinese nationalist, stabbed two Japanese men and a Chinese woman at a Japanese restaurant in Shanghai. 🙄
Given the persistent rise in anti-Japan sentiment, Japan should consider halting all manufacturing and other business activities in China.
时政
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twitter.com)
00:00:41
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