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BREAKING: US existing-home sales fell -2.7% MoM in June, to an annual rate of 3.93 million, the lowest in 9 months. Existing-home sales are now near their lowest level in 15 years. By comparison, the pre-pandemic average was ~37% higher. This comes as high mortgage rates are

The Kobeissi Letter

BREAKING: US existing-home sales fell -2.7% MoM in June, to an annual rate of 3.93 million, the lowest in 9 months. Existing-home sales are now near their lowest level in 15 years. By comparison, the pre-pandemic average was ~37% higher. This comes as high mortgage rates are https://t.co/dEriFNPglX

The Kobeissi Letter
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