Christian and Conservative news hand-curated the way it’s supposed to be. Stay full-MAGA despite the so-called “civil war” waged by the Islam-loving “woke right”.
(Zero Hedge)—Home prices in America’s 20 largest cities rose for the 15th straight month in May (the latest data point from Case-Shiller’s admittedly lagging series), up a better than expected 0.34% MoM to +6.81% YoY…
Given the smoothing and heavy lag in the Case-Shiller data, it’s hard to find a causal relationship between prices and mortgage rates, but with rates remaining above 7%, it seems hard to believe prices can continue their advance…
…but home prices are still tightly correlated with Fed Reserves which have slowed down…
…and a peak in the rate of price growth appears clear across all metros…
How is Powell going to cut rates when home prices are still rising near 7% per year?
Pro-MAGA. Pro-Trump. Pro-America. Pro-Family. Most importantly, Pro-Jesus. Here’s the news aggregator that delivers what America needs right now: jdrucker.com
