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4月27日
19:24
【The Kobeissi Letter】 BREAKING: The number of NEW single family homes for sale has risen to 477,000, the highest level since the 2008 Financial Crisis. Since the post-2008 lows, the number of new homes on the market has more than TRIPLED from a low of 150,000. Currently, a record high 1 out of every 3 homes for sale is a new home. By comparison, after the 2008 financial crisis, 1 out of 20 homes for sale was a new home. For the first time since 2005, the median existing home price is about to cross ABOVE the median new home price. New homes are the only option for buyers.

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