What Recovery-----September New Home Sales Plunge By 11.5%

Last month was a pleasant surprise for new home sales, but September brought reality back in focus. New home sales crashed by 11.53%.

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New homes sales remain in “Death Valley” along with mortgage purchase applications and wage growth.

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The northeast was hardest hit with a decline of 62%.

It has now been 6 years since the end of The Great Depression. And this is all we have to show for it despite trillions in monetary easing?

Death Valley

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