US New Home Sales Disappoint In June As Prices Plunge
Summary by Zero Hedge
5 Articles
5 Articles
The reason is the persistently high mortgage interest rates
China, Fauci And Home Prices? Mortgage Demand Plummeted With Covid As Federal Spending Soared (New Home Sales Declined 6.6% YoY In June)
China unleashed the Wuhan virus on the globe, Anthony Fauci convinced Congress to binge spend like drunken sailors on Covid prevention and relief. Homes prices soared, mortgage demand sank and nothing has been the same. Here is a chart of the Case-Shiller national home price index post Covid outbreak and the hysterical overreaction by Congress and the Administration (including Anthony Fauci). Another example? New home sales are down 6.6% YoY. Wh…
Coverage Details
Total News Sources5
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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