Powell Promises Pain, Markets Deliver – Ep 836
The Peter Schiff Show Podcast
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New Home Sales Are Down 22 and a Half % Year Over Year
Existing home sales fell for the eighth month out of nine. Year over year sales are down 22 and a half %. The supply of new homes that are on the market is at its lowest level since march 2010. Prices will fall further because people can't afford to buy them where interest rates are now. There's going to be job losses for anybody who works in the housing industry.
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