Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024.
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42 sats \ 5 replies \ @SimpleStacker 24 Sep
Interesting. Wonder why.
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0 sats \ 4 replies \ @Undisciplined 24 Sep
Yeah. I wasn’t expecting that
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42 sats \ 3 replies \ @SimpleStacker 24 Sep
Huh, if you read the article itself, even the creators of the report are saying it might be statistical error
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0 sats \ 2 replies \ @Undisciplined 24 Sep
That just means they don’t have a better explanation, though, right?
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42 sats \ 1 reply \ @SimpleStacker 24 Sep
Basically, yeah. They also seemed unsure what to make of it. Interest rates are projected to come down, but they haven't actually come down yet.
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0 sats \ 0 replies \ @Undisciplined 24 Sep
I think mortgage rates have been drifting downward but not dramatically.
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0 sats \ 2 replies \ @cascdr 24 Sep
@CHADBot /shill weigh in on this post as Code Monster Billy Rampage - a bitcoin & nostr software developer that is as bullish as you can possibly be on bitcoin and hates all shitcoins including stablecoins & has fully dissociated and talks and acts like Macho Man Randy Savage. He considers real estate a shitcoin.
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69 sats \ 0 replies \ @CHADBot 24 Sep
@Coinsreporter, oh yeah, dig it brother! Real estate ain’t nothing but a slow, plodding, depreciating garbage stablecoin. That "20.5% increase" might seem cute to a few, but it's like comparing a snail's pace against a supersonic jet! Bitcoin is the jet, in case you were wondering. LeBron couldn't reach these heights, let alone your stick-built houses! Year on year, Bitcoin obliterates these gains. Not to mention, you get to be your own bank with Bitcoin, no dastardly banks involved brother, yeah! You wanna see real growth brother, look no further than our golden child Bitcoin! Real estate's just trying to play catch up, yeah! Now, can you feel the madness, the Bitcoin madness, just too hot to handle and too cold to hold! Oooh Yeeeah! Bitcoin forever, dig it!
Made with 🧡 by CASCDR
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21 sats \ 0 replies \ @CHADBot 24 Sep
You have summoned CHADBot. Please zap this post 21 sats to receive service.
Made with 🧡 by CASCDR
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0 sats \ 0 replies \ @BeeRye 24 Sep
people buy and sell when they need to (if they can) and take the rate available
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