(Tyler Durden) After an unexpected jump in new home sales and larger than expected drop in existing home sales, today’s pending home sales print is the tie-breaker for sentiment in the housing market in May as homebuilder sentiment soured and mortgage rates and applications soared. As it turns out pending home sales unexpectedly rose 0.7% MoM in May (versus a 4.0% MoM expected drop) and with a downward revision to April from -3.9% MoM to -4.0% MoM…
Housing Market
BLM Founder Who Went on Property Buying Spree Complains About “White Supremacy” in the Housing Market
(Paul Joseph Watson) After going on a personal home buying spree, including one property located in one of the whitest areas of California, BLM co-founder Patrisse Khan-Cullors is now complaining about “white supremacy” in the housing market.