What I’m Reading
Beware the Ides of March: With omicron cases falling, major employers say they spot a window to bring workers back to the office. However, with a tight job market, the question becomes whether or not employees are willing. Wall Street Journal
Embedded: Russian oligarchs have spent decades pouring billions into US real estate. New financial sanctions are taking aim at the practice but the real estate community and lawmakers are skeptical as to how successful the actions will be. NBC News
Tailwind: Rents are still up substantially year over year, putting pressure on OER and in-turn CPI. Calculated Risk
No End in Sight: Prologis sees industrial rents jumping another 10% in 2022 as demand continues to overwhelm supply. Bisnow
Uncertainty: The Russian invasion of Ukraine is driving treasury yields down but the resulting sell off in equities could still make it difficult for prospective homeowners to come up with a downpayment. Redfin
Chart of the Day
More pain at the pump coming soon.
Source: The Daily Shot
WTF
ESG: Philip Morris is donating 500k packs of cigarettes to the Ukrainian army. Ukraine News Agency
Stowed Away: A traffic stop led to the arrest of a woman who was found to have meth….and a smoking device hidden in her vagina because Florida. Leesburg News
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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