Independent thinking for complex markets and current events
US home sellers are increasingly cutting prices: A record 34.2% of home sellers lowered their list price in February, the highest for any February since records began in 2012. Since 2022, the percentage of sellers cutting prices has more than tripled. Sellers who cut prices cut by an average of $40,915, or -7.3%, the highest …
Mayor Zohran Mamdani announces he would like to lower the speed limit to just 20mph on ALL STREETS in New York City A 20 mph speed limit would make it much easier to ticket everyone who drives a car all the time to pay for his socialist agenda Yes, this is real pic.twitter.com/71PJVp6dsA — Wall …
The inventory shortage narrative runs out of steam as Realtor pivots on supply and price “This is the longest stint of four-plus months of supply in five years” “The percentage of homes with price reductions was 18.6%” – higher than 2017-2019 Just wait until Spring… pic.twitter.com/8VM0mX8nkS — Saw Chuck (@Saw_Chuck2023) November 19, 2024 OCTOBER HOUSING …
Factors such as rising homeowners association (HOA) fees, increased insurance costs, and new safety regulations have led to notable price reductions in some areas12. For example, a condo in Saint Petersburg saw its price drop by 40%, from $1.2 million to $715,000. https://www.newsweek.com/florida-condo-prices-collapsing-due-hoa-fees-surge-real-estate-expert-1938329 https://www.redfin.com/news/florida-condo-prices-dropping/ https://greenbuildingelements.com/functionally-obsolete-new-report-finds-80-of-florida-condos-could-be-worthless/
Kamala Harris said “every day” she has been working to "reduced heating and electricity bills so folks have more money in their pocket” When she said this – Electricity was up 11.9%– Fuel oil was up 27.7%– Natural gas was up 26.7% American won’t survive 4 more years of lies pic.twitter.com/n0DgaQkQU4 — Wall Street Apes …
It may look like good news and the media will slant it to a FJ Biden win – but the reality isn’t price reductions – its a complete slow down of the economy. I am in construction and I can say that bid activity – there are no bids going on. Its gone completely quiet …
Florida’s housing market is facing a storm as price cuts hit record levels, signaling potential price drops and posing challenges for both buyers and sellers alike. Key Points: Price cuts in Florida have surged to their highest level since the Global Financial Crisis (GFC). In March 2024, 30.1% of all house listings in Florida experienced …
BREAKING: Two Democrats have introduced the Shrinkflation Prevention Act to the House of Representatives. The legislation would prohibit corporations from deceptively decreasing the size of a product without lowering the price accordingly, per MorePerfectUnion. — unusual_whales (@unusual_whales) March 27, 2024 https://www.congress.gov/bill/118th-congress/senate-bill/3819/text
In the grand theater of Congress, Representative Thomas Massie has stepped into the spotlight, holding the script of fiscal responsibility while accusing his Republican colleagues of staging a budgetary masquerade. Basing his criticisms on the Congressional Budget Office (CBO) numbers, Massie doesn’t mince words. According to him, the FY-2024 spending extravaganza led by Johnson-Schumer is …
The media landscape continues to face severe challenges, exemplified by The Washington Post’s decision to cut 10% of its staff, indicating a substantial financial loss exceeding $100 million this year. The broader trend is evident as over 25% of all U.S. newspapers (daily and weekly) folded in the past 15 years. Newspaper advertising revenue mirrored …
BREAKING Ally Bank, a major player in auto lending space, is beginning headcount reductions. Email below from its President of Dealer Services: pic.twitter.com/QnA8TsC5g5 — Car Dealership Guy (@GuyDealership) September 29, 2023