Market Outlook
US New Home Sales Decline 14% YoY In November While Median Prices Rise By 18.8% YoY – Confounded Interest
Inflation keeps clubbing Americans to death. This time in the form of New Home Sales prices.
November’s New Home Sales figures are out. New Home Sales declined 14% YoY while the median price of New Home Sales is up 18.8% YoY.
The West saw a MoM increase in new home sales of 53%! While the Midwest saw a decline of -25.35%.
I can this the Baker Mayfield effect. The Los Angeles Chargers drafted superb QB Justin Herbert, the Cleveland Browns drafted QB Baker Mayfield. The West wins, the Midwest loses.
As a long-time Browns fan, I dread the upcoming Browns-Packers game.
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