KEY POINTS
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, according to the U.S. Census.
That’s despite mortgage rates that are higher than they are today.
The median price of a new home sold in August was $413,500, in increase of 1.9% year over year.
salacious_coaster@infosec.pub 1 week ago
I call bullshit. Credit defaults and scores are plummeting, and everyone is broke.
CubitOom@infosec.pub 1 week ago
You are assuming that people are buying homes. What if I told you it was corporations?
mmhmm@lemmy.ml 1 week ago
3/4 of the article is sources saying the numbers are bs lol
Bakkoda@sh.itjust.works 1 week ago
So you read the article? I can’t even tell.
salacious_coaster@infosec.pub 1 week ago
I did. As soon I saw “according to the U.S. Census”, I lost all credulity. Same guys who overstated jobs added by almost a million.