Newly built homes made up almost a third of houses for sale in the U.S. in May, compared to the usual 10 to 20 percent, according to the National Association of Realtors (NAR).
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CONSUMERS WAITING “FOR THE OTHER SHOE TO DROP”
Two key surveys of consumers’ views of the economy both posted their most positive results in 18 months or more.
CHINA’S ECONOMIC WEAKNESS LEAKS ONTO WALL STREET
Stock-watchers expect a raft of disappointing second-quarter earnings reports from tech firms, luxury retailers, and other companies dependent on China, according to Reuters.
DOLLAR’S VALUE SINKS FURTHER AS BIG BANKS TURN BEARISH
After closing at 99.91 on 17 July, the U.S. dollar regained little ground against an assortment of other major currencies, trading at 101.08 at 5 p.m. U.S. EDT on 21 July.
HOME SALES, PRICES SLIP IN JUNE: CRASH COMING?
Sales of existing homes, which normally make up most of the housing market, dropped 3.3 percent in June from May to 4.16 million units, down 18.9 percent from a year earlier and the slowest sales pace since January, the National Association of Realtors reported.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The number of office buildings burdened with troubled loans, or already repossessed by lenders, jumped 36 percent in this year’s second quarter from the first, MSCI Real Assets reported.
UKRAINE’S BURISMA: HUNTER BIDEN ‘STUPID,’ BUT PAID BIDENS $10 MILLION
Congress published an FBI agent's redacted write-up from June 2020 that claimed President Joe Biden and his troubled son Hunter both pulled in $5 million in bribes from Mykola Zlochevsky, the owner of Burisma—who felt “coerced” to make the payment.
WHAT APARTHEID? U.S. HOUSE GIVES ITS BLESSING TO ISRAEL AFTER RECENT ATROCITIES
Politicians in Washington continue to be owned and operated by Israel after the House overwhelmingly passed a resolution that rejected claims that the country is racist against Palestinians or an apartheid state.
DESANTIS CAREFUL WITH ANSWER ON WHETHER HE WOULD PUSH FOR ZELENSKY TO CEDE LAND FOR PEACE
Florida Gov. Ron DeSantis, a Republican hopeful for president, refused to say if he would push Ukrainian President Volodymyr Zelensky to cede land to Russia to bring peace and stability to Ukraine.
CAR THEFTS SURGE IN U.S., VIOLENCE STILL MUCH HIGHER THAN PRE-LOCKDOWN LEVELS
Car thefts in 32 of the 37 largest cities in the U.S. jumped 33.5 percent in the first six months of 2023 compared to the same time frame last year, according to the Council on Criminal Justice.