Real Estate Refresh

The Bill Became Law. Inflation Surprised Everyone. And Warsh Had Some Things to Say. I don't know how this isn't getting more press but the housing bill is finally, really, IRL official. The 21st Century ROAD to Housing Act became law on July 11th. After months of bipartisan passage, a dramatic cancelled signing, a voter ID standoff, and a news cycle that had mostly moved on -- it became law. I've been talking your ear off about this bill since March. I told you it wasn't g

Rates are a mess right now. Not unprecedented, or historically high. But an actual mess. And I think you deserve some content where I don’t try to spin that. The ceasefire we were cautiously celebrating two weeks ago is in pieces. Iran attacked three commercial vessels in the Strait of Hormuz earlier this week. The U.S. responded with strikes on 80 Iranian targets on Wednesday. The Treasury Department revoked Iran's temporary oil sanction waiver at midnight Tuesday. Crude oil

Since I have been in your inbox every Friday since January telling you what this market was doing and where it was going, it feels right to stop and give you an honest half-time report before we talk about what the second half looks like. I will keep this short because the back half is where shit gets interesting. The First Half in Three Sentences A war started on February 28th and changed everything. Rates spiked, confidence collapsed, and the market split into micromarkets