Keep inflating that bubble
U.S. home sales soared 24.7% in July, breaking June record.http://apne.ws/FGYmNli
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I wonder if this is sustainable? People staying home more may be investing in nicer homes...to make it easier to stay home. This does not bode well for life after the virus. We're never going back, not completely, even after a vaccine.
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This is typically not any good news at all. You always want to buy when the interest rates are higher so in the long run when something like this happens you can refinance for a lower rate.
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Mmmm sad
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Possible explanation = backlog from depressed Spring activity and inventory + normal Summer boon + people realizing that small home's aren't enough in a WFH economy. Good signs.
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The rich keep getting richer & the poor keep getting more poor
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Then they should scale back their spending and invest some of their money. Not in savings in assets. Most of the people complaining have $1,000 phones. Get a second job put that into something that appreciates.
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