While would-be homebuyers face the worst affordability in decades and one economist warns of a historic crash, a massive apartment construction boom is creating a rare 'renter's market' with landlords offering months of free rent.
The tape How to Money · Jul 3
“And that's because home prices have gone up dramatically over the past few years, and interest rates have gone up in a major way over the past twelve months as well. We've talked about that last week. And inventory is essentially at all time loves as well, which is also keeping prices inflated. And so this means that housing affordability it's essentially the worst it's been in forty years. This is specifically coming from data from the NAR, the National Association of Realtors, And so that doesn't mean that becoming a real estate investor is impossible, but timing does matter a little bit.”
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Bloomberg Surveillance · The Market Rally and NATO SummitJul 7
A Bloomberg Surveillance analyst warns the AI financing boom mirrors the dot-com bubble's 'radically overstated' profits, as margin gains fail to materialize for companies outside the 'Magnificent Seven.'
Bankless · The Rise of Robinhood Chain: Tokenized Stocks, Perps, and 27M Users | Johann KerbratJul 6
The retail trading giant has launched its own blockchain, offering tokenized, one-to-one backed U.S. equities on decentralized exchanges and a 7% yield on stablecoin deposits through an integration with Morpho.