What I’m Reading
Sell the News: Interest rates have increased in recent months as the Federal Reserve began signaling that they will begin tapering their bond purchasing. However, recent history suggests that yields tend to fall once actual tapering begin. US Housing and Mortgage Market Weekly
Staying Close: Relocations are still historically high but new Redfin data shows that the percentage of nationwide users looking to move to a new metro is declining. Redfin
Sweet Spot: ULI is forecasting high total returns for the real estate sector over the next couple of years despite headwinds in the hotel sector. Globe Street
Roller Coaster: Lumber prices look set to rise again as supply tightens, residential construction projects pick up, and the U.S. prepares to double a tariff on Canadian softwood. The Real Deal
Priced Out: The supply of entry-level housing is near a five-decade low. Wall Street Journal
Chart of the Day
In a normal year, homes tend to take longer to sell starting in September. So far, 2021 is bucking the trend.
Source: Redfin
WTF
Showing Too Much Skin: A mom has been booted as an elementary school volunteer when another parent reported that she has an Only Fans page because Florida. NY Post
Hey Kids: A woman was arrested after crashing a backyard party and exposing herself to children because Florida. News 5
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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