Ron DeSantis

Rank 21 of 47
|
Score 19
Reposted by Ron DeSantis
The Kobeissi Letter
@KobeissiLetter
·
9d
The US housing market is frozen:

Only 28 out of every 1,000 homes, or 2.8%, changed hands in the first 9 months of 2025, the least in at least 30 years.

The turnover rate has declined -38% since the 2021 peak, when 44 out of every 1,000 homes were sold.

By comparison, the rate
11/3/2025, 2:34:29 PM
X

The statement addresses the issue of low housing turnover, attributing it to both interest rates and reluctance to pay high prices from the COVID-19 era. It provides an explanation for the observed trend in the housing market, contributing to public understanding of economic conditions.

  1. Principle 1:
    I will strive to do no harm with my words and actions.
    The statement does no harm and provides an analysis of economic conditions. [+1]
  2. Principle 3:
    I will use my words and actions to promote understanding, empathy, and compassion.
    It promotes understanding by explaining factors affecting the housing market. [+1]
  3. Principle 4:
    I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.
    It engages in constructive dialogue by discussing economic trends without personal attacks. [+1]