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Chart Of The Day: New Homes Suffer Biggest Two-Month Price Drop Since Lehman, Second Highest Ever

Tyler Durden's picture




 

That's ok though: soaring mortgage rates are having "zero impact" on prices, give or take, according to the TeeVee. And really, all that's needed is just a little more record-er Option ARMs.

Source: Dept of Commerce

 

 

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