Death Sentence x Inflation x Market Report

A housing market crash is NOT looming in 2024

Lending standards have tightened considerably since the Great Recession. Coupled with low inventory and a rebounding demand, it's highly improbable that the housing market will dip into a recession in the coming year.

Demand is high, but supply hasn't caught up yet. Although inventory has grown, with 29% of homes selling above the list price and 60% of listed homes going under contract within a month, it's clear that not all demand is being met.

In March of this year, there were 1.1 million homes for sale, compared to 1.7 million listings in March 2019, before COVID.

Last week I also posted that nearly 6 million net new jobs have been added compared to pre-COVID high employment.

The demand is there. Spread the word to your database: now is a great time to list.

March's inflation surged to 3.5%, surpassing the 2% target, raising concerns about the Federal Reserve's delay in cutting interest rates.

The bond market reacted with high yields, likely pushing mortgage rates above 7% soon.

Despite the federal budget deficit absorbing more borrowing, rent data contradicts the official figures, potentially lowering overall inflation. Achieving the 2% inflation target by year's end remains possible, despite potential delays.

Truong My Lan, central figure in a vast fraud case, was accused of embezzling up to $12.5 billion.

On Thursday, amid an anti-corruption crackdown in Vietnam, she was sentenced to death by the court.

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