What I’m Reading
Bare Shelves: US home sales fell the most in 18 months in December. A lack of supply, not demand is driving the move. As would be expected in this environment, prices are still increasing rapidly. Bloomberg
Coming Around: As the pandemic wears on, corporate America is increasingly embracing the inevitability of remote or hybrid work options. Washington Post
Stretched Thin: Ski resort demand is booming, yet worker shortages have meant less open terrain and longer lift lines. The Wall Street Journal
Tailwind: Pandemic migration has been a big benefit to the self storage market. Globe Street
Power Plant: Renewable energy is creating a growing new real estate asset class: battery storage. Bisnow
Chart of the Day
Construction supply chain issues are getting worse.
Source: JBREC
WTF
Sign of the Times: Walmart is getting into the whole Metaverse thing and creating its own cryptocurrency and NFTs. Barron’s
Rekt: An Eagles fan got beat up by a Michael Jackson impersonator after picking a fight in a train station. Fortunately, its all on video. This went down after the Eagles were smoked by the Bucs and eliminated from the playoffs. As a long-suffering Giants fan, this warms my cold heart. Barstool
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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