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Biden’s economy is crashing. The housing market is an example.
TGP reported a week ago that the housing market was in trouble.
Now it’s getting even worse. (See chart above)Zerohedge shared today: That is the 6th straight month of pending home sales declines (and 12th of the last 13 months). On a year-over-year basis, pending home sales collapsed 38.60%, the largest annual drop ever. “There are approximately two months of lag time between mortgage rates and home sales,” Lawrence Yun, NAR’s chief economist, said in a statement. “With mortgage rates falling throughout December, home-buying activity should inevitably rebound in the […]
Article Source: www.thegatewaypundit.com
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