What I'm Reading Slim Pickins: Despite increasing mortgage rates, housing inventory is still at a record low. One thing to watch here as the vaccine rolls out: COVID exposure has been given as one reason that people are reluctant to list their homes. While that was undoubtedly true last spring,...
February 11th – Blunt Challenge
What I'm Reading Blunt Challenge: The number of marijuana stores in the U.S. is poised to grow in 2021 and 2022 as more states legalize the narcotic, the federal government toys with legalization at the national level, and already large sales chains seek to get larger. This despite often complex...
January 29th – Behind the Scenes
What I'm Reading Behind the Scenes: Unless you live under a rock, you have probably heard about the massive short squeezes (and crashes) in troubled retailer GameStop and struggling theater operator AMC over the past couple of weeks. Both companies' stocks have soared but, despite the increases in valuation, both...
January 26th – Deep Hole
What I'm Reading Deep Hole: Nearly 20% of American renters are behind on payments. The typical delinquent renter now owes $5,600, being nearly four months behind on their monthly payment, includes utilities and late fees according to a new analysis from Mark Zandi, chief economist at Moody’s Analytics, and Jim...
January 12th – Fallout
What I’m Reading Fallout: CoStar is estimating that the reckoning from COVID will eventually result in $126 billion of distressed real estate sales with a heavy concentration in lodging and retail. However, with an estimated $200 billion of capital raised to capitalize on such an opportunity, it is difficult to see...