Price cuts are likely coming to the housing market:
The number of new single-family homes for sale jumped to 511,000 in June, the highest since October 2007.
Since the 2020 low, the number of new homes on the market has risen by +230,000, or +82%.
Excluding the 2006 housing bubble, which peaked at 572,000, this is the largest supply of new homes in history.
Meanwhile, new single-family homes in the South have risen to a record 312,000.
This is far above the 291,000 seen in 2006, just a year before the housing market crash began.
With supply near record highs, price cuts seem unavoidable.
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The number of new single-family homes for sale jumped to 511,000 in June, the highest since October 2007.
Since the 2020 low, the number of new homes on the market has risen by +230,000, or +82%.
Excluding the 2006 housing bubble, which peaked at 572,000, this is the largest supply of new homes in history.
Meanwhile, new single-family homes in the South have risen to a record 312,000.
This is far above the 291,000 seen in 2006, just a year before the housing market crash began.
With supply near record highs, price cuts seem unavoidable.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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"I just applied to be an ICE agent, and my plan is that any information I get on ICE raids, I'm gonna report back to the Mexican community and, you know, just try to help you guys out"
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NEW: CRYPTO ENTHUSIAST Cbb0fe CLAIMS TO HAVE LOST $2.5M WHILE HEDGING 10% OF THEIR $XPL ALLOCATION WITH A 1X SHORT ON HYPERLIQUID - AMID TOKEN’S SUDDEN ~3X FLASH PUMP
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“We shall import hordes of Somalis, defend their right to burn the American flag and imprison women who feel threatened by them”
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Not sure how I missed this but it seems Google Cloud is also launching their own L1
interesting!
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interesting!
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