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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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MMA guy finish tai chi dude in 10 seconds
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MMA guy finish tai chi dude in 10 seconds
The sad part is that the MMA fighter (Xu Xiaodong) lost all his social scoring in China for this. He lost his passport, job, home and pretty much everything that requires a social score in China. He wanted to show the difference between
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00:00:47
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Common sense are precious in China.
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Common sense are precious in China.
If you are buying an apartment in China, make sure all the owners of the units below your unit as well as their contractors have the common sense and sanity not to hack off load bearing pillars.
They like to say 90% home ownership in China
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twitter.com)
00:00:40
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