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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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BREAKING: As seen in the video below, Fernando Villavicencio, the right-winged candidate running for President of Ecuador, has just been assassinated during a presidential rally in Quito. He was reportedly shot 3 times in the head.
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BREAKING: As seen in the video below, Fernando Villavicencio, the right-winged candidate running for President of Ecuador, has just been assassinated during a presidential rally in Quito. He was reportedly shot 3 times in the head.
Villavicencio has reportedly died on the…
时政
(
twitter.com)
00:01:43
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