Bet none of you saw this headline about home sales

June 27, 2024, MarketWatch:  "Pending U.S. home sales fall to an all-time low in May"

If a Republican was president, home sales falling to an "all-time low" (since the NAR began tracking in 2001) would be a huge headline.  A bombshell--proof that the economy was ghastly, eh?

But with the Democrats ruling the nation, the Media barely mentions it.  As the pro-Democrat Media soothingly puts it, "Sales of homes have been muted."

"Muted."  Even those who hate the leftist Media have to admire their skill in making ghastly news seem...soothing.  If the Dems had owned the White House on 9/11 it wouldn't have surprised me to see a headline "Stocks muted after planes cause confusion."

So..."Pending home sales" fell to an all-time low in May, down 6.6% from a year earlier, according to the National Association of Realtors (NAR).

Economists were expecting pending home sales to fall 0.4% from April, so the much more severe 2.1% drop was "unexpected."

"Unexpected."  You may have noticed that word accompanies almost every piece of bad news.  But of course it's only "unexpected" if you believe the regime's lies that "Duh economy beez BOOMING, citizen!"

Here's a prediction: You can expect to see that word "unexpected" a LOT more as the economic implosion worsens.  Dey gon' be a LOT of "unexpected" stuff.

Now, for those of you who don't do maff (cuz duh Democrats haz decreed dat maff be raaacis', eh?*): the normal commission on home sales is 6%--three percent for the realtor representing the seller and the same for the buyer.  

Now: the "median home price" today is over $400,000.  Six percent of that is $24,000.  Had the economy been "normal" we'd expect over four million homes to be sold in a year.  Multiply 4,000,000 by $24,000.  That's roughly how much the total income of all realtors would be.

If your calculator didn't say 96 BILLION, try again.  A drop of 6.6% of that is about $6.4 BILLION.  That's how much income vanished if the 6.6% drop in home sales from a year ago holds for the entire year.

Of course you don't do maff, and the Lying Mainstream Media won't try to explain the math, so the 6.6% drop year-over-year goes right over the average person's head--which the Media well know.

Starting to get the picture yet?

"But...but...but duh preznit an' duh Media say duh economy beez BOOMING!  Dey wouldn't LIE to us, right?"

Surely not.  Dis' wuz "unexpected,: an' next month everything will be back to normal.  Count on it, sparky.  Cuz it's not like May is normally one of the best months for home-buying, eh?  No no no, citizen!  Dat jus' a myth!

Starting to get the...nevermind.

Source: MarketWatch

https://www.marketwatch.com/story/pending-u-s-home-sales-fall-to-an-all-time-low-in-may-43394086