US housing market demand is collapsing:
US new home sales fell -17.6% MoM in January, to 587,000 units, the lowest since 2022.
This marks the largest monthly drop since July 2013, far worse than the -2.7% expected.
YoY, sales fell -11.3%, the worst annual decline in 3 years.
The Northeast was hit hardest with sales plunging -44.7% MoM, followed by the Midwest at -33.9%.
Furthermore, the median new home price fell -6.8% YoY to $400,000, the lowest since 2024, bringing the 3-month average down to ~$410,000, the lowest since 2022.
Meanwhile, mortgage rates have jumped +33 basis points over the last 2 weeks, to 6.43%, the highest since September, marking the largest 2-week increase in nearly a year.
Higher interest rates are back.
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US new home sales fell -17.6% MoM in January, to 587,000 units, the lowest since 2022.
This marks the largest monthly drop since July 2013, far worse than the -2.7% expected.
YoY, sales fell -11.3%, the worst annual decline in 3 years.
The Northeast was hit hardest with sales plunging -44.7% MoM, followed by the Midwest at -33.9%.
Furthermore, the median new home price fell -6.8% YoY to $400,000, the lowest since 2024, bringing the 3-month average down to ~$410,000, the lowest since 2022.
Meanwhile, mortgage rates have jumped +33 basis points over the last 2 weeks, to 6.43%, the highest since September, marking the largest 2-week increase in nearly a year.
Higher interest rates are back.
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BREAKING:
NATO chief Rutte says he is “absolutely convinced” the alliance will be able to secure the Strait of Hormuz.
Let’s see if that’s true. Spain, Germany, Italy, France, the UK... said they weren’t willing to do it.
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NATO chief Rutte says he is “absolutely convinced” the alliance will be able to secure the Strait of Hormuz.
Let’s see if that’s true. Spain, Germany, Italy, France, the UK... said they weren’t willing to do it.
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HOLY CRAP! Travelers at Atlanta International Airport are now reporting TSA lines have reached 5 HOURS LONG
And the Democrats have moved NO CLOSER to re-opening DHS
The amount of contempt Democrats have for the American people is DISGUSTING.
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And the Democrats have moved NO CLOSER to re-opening DHS
The amount of contempt Democrats have for the American people is DISGUSTING.
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While only a minority of Americans support the war in Iran, a whopping 93% of Jewish Israelis back it, according to a poll by the Israel Democracy Institute.
57% of Israeli Jews think the war should continue until regime change is achieved.
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57% of Israeli Jews think the war should continue until regime change is achieved.
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Regime change plan in Iran falling flat
The U.S. and Israel expected strikes to trigger a mass uprising, but it hasn’t happened.
Intelligence officials had already warned the strategy was unlikely to work, and other options were dropped.
For now, the Iranian government looks set to stay in power.
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The U.S. and Israel expected strikes to trigger a mass uprising, but it hasn’t happened.
Intelligence officials had already warned the strategy was unlikely to work, and other options were dropped.
For now, the Iranian government looks set to stay in power.
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BREAKING: X is reportedly considering a Reddit-style voting system, introducing both upvotes and downvotes on posts. As part of the potential update, Like the current “like” heart icon could be replaced with a thumbs-up to better align with a matching downvote button
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The spokesperson for Iran’s Central Military Command delivers a message in English to Trump:
"Hey Trump, YOU’RE FIRED!
You’re familiar with this sentence.
Thank you for your attention to this matter, Central Headquarters of Khatam al-Anbiya."
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"Hey Trump, YOU’RE FIRED!
You’re familiar with this sentence.
Thank you for your attention to this matter, Central Headquarters of Khatam al-Anbiya."
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BREAKING: Bitcoin extends losses and falls below $68,000 as Trump’s deadline for Iran to open the Strait of Hormuz is now 26 hours away
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Bitcoin just dropped below $68,000 and liquidated $98 million worth of longs in the past 60 minutes
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BREAKING: JAPAN PAID IRAN $2 MILLION FOR THE PASSAGE OF SHIPS THROUGH THE STRAIT OF HORMUZ
Tehran has introduced a new approach to controlling the Strait of Hormuz, starting to charge some ships $2 million - Iran confirmed that one of the payments for tankers came from Japan.
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Tehran has introduced a new approach to controlling the Strait of Hormuz, starting to charge some ships $2 million - Iran confirmed that one of the payments for tankers came from Japan.
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Shocking video showing Ecuadorian migrants openly cooking and selling guinea pigs on the streets of Queens, New York City, is now going viral, sparking numerous calls for their immediate deportation
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BREAKING: US oil prices surge above $100/barrel at the open as Trump's "deadline" for Iran to open the Strait of Hormuz is now 25 hours away
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