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

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

By Tyler Durden
Created 07/24/2013 - 09:44
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/24/2013 09:44 -0500



 

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 [3].

[4]

Source: Dept of Commerce [5] [5]

 

 

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Source URL: http://www.zerohedge.com/news/2013-07-24/chart-day-new-homes-suffer-biggest-two-month-price-drop-lehman-second-highest-ever

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10959
[3] http://www.zerohedge.com/news/2013-07-24/arms-adjustable-rate-mortgage-applications-soar-2008-pre-lehman-mania-levels
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/2%20Month%20Cumulative%20Home%20Price%20Change.jpg
[5] http://research.stlouisfed.org/fred2/series/ASPNHSUS