Feeling hot, hot, hot. Housing, that is!
US existing home sales in July rose to 5.99 million SAAR, beating expectations. But the inventory of home available for sale remains low by historic standards.
The median price of existing homes declined to 17.8% YoY with The Federal Reserve pumping money into the system like there is no tomorrow.
Bloomberg had the following headline: “Sales of Existing Homes in U.S. Rise as Inventory Picks Up.” While that is a true statement, existing home sales inventory is still down 12% YoY.
I wonder if the attendees at the Jackson Hole Fed conference will be discussing the gut-wrenching home price growth? Rumor has it that Fed Chair Powell will use J-Hole as a platform to suggest paring back on the monetary stimulus.
- Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami
- Janet Yellen Just Poured Lighter Fluid On Every Small Bank In America
- The Great Financial Collapse of 2023. Comparison of Bear Stearns’ collapse in March 2008 and Credit Suisse in March 2023.
- Ron DeSantis unveils legislation to BAN Central Bank Digital Currency in Florida, protecting citizens from a grave threat to civil liberties…
- Never in history have we had all three issues happening at once…
- Clearwater Mayor abruptly resigns… Council members left in stunned silence
- Sperm has been almost entirely replaced by spike proteins
- People are crashing…
- Armstrong: WOKE Culture is Destroying the Economy & our Nation
- 2023: A Year When Everything Is Suddenly Breaking Loose All At Once
Views: 2