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Home prices are now falling, piling on the Fed pivot from near and dear to the FOMC (models).

Eurodollar University

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The CPI and the Housing Market - The Irony of All Ironies

The Fed is hiking rates based on that past behavior, ignoring what's going on today in both the real economy, as well as the housing market. The case Shiller 20 city average was down 1.3% month over month in August. New home sales will be released tomorrow to get a better idea of how far prices have fallen.

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