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Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, according to the U.S. Census.

That’s despite mortgage rates that are higher than they are today.

The median price of a new home sold in August was $413,500, in increase of 1.9% year over year.

  • salacious_coasterEnglish
    81·
    4 months ago

    I call bullshit. Credit scores are plummeting, and everyone is broke.

    • CubitOomEnglish
      10·
      4 months ago

      You are assuming that people are buying homes. What if I told you it was corporations?

      • salacious_coasterEnglish
        2·
        4 months ago

        I did. As soon I saw “according to the U.S. Census”, I lost all credulity. Same guys who overstated “jobs added” by almost a million.