What housing crash? Housing prices going up. Interest rates going up. Cost of living going up.

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“The median California home is $100k higher than they were 4 months ago.”

Source: https://t.co/05dmw17NEg

— Genevieve Roch-Decter, CFA (@GRDecter) June 27, 2023

May new home sales surged +12.2% m/m vs. -1.2% est. & +3.5% prior (revised down from +4.1%)… median new home price -7.6% year/year to $416,300; average selling price at $487,300 pic.twitter.com/2NNF4UWeN5

— Liz Ann Sonders (@LizAnnSonders) June 27, 2023

See also Spec home inventory spikes, nearing 2008 housing bubble levels—alarming trend. US homelessness hit a record high in 2024.

See also Central banks pulled liquidity, and Apollo sees a 40% chance of rate hikes next year. Commodity prices are surging, with the CRB Index hitting its highest level in 14 years

Only 7% of American households earn $250,000 or more, per CNBC.

— unusual_whales (@unusual_whales) June 27, 2023

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