New Home Sales Tank as Institutional Money Starts Selling, Interview w/ @The Economic Ninja

New Home Sales were down 12.6% in July to the lowest level in more than 6 years as inventory of homes for sale hit the highest level since 2008. Meanwhile institutional money has increased it's rate of selling residential real estate, now accounting for about a third of all home sales. And yet home prices remain stubbornly high. The Economic Ninja joins us to talk about what's happening in the real estate market.

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