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DID YOU KNOW?
It is estimated that total existing-home sales in 2023 will be around 4.1 million, the smallest number of sales since about 2008, the year that Lehman Brothers collapsed and sparked the global financial crisis. (WSJ)
DID YOU KNOW?
FUNflation? Yup, another form of GREEDflation has spread to entertainment as ticket prices for concert tickets, sporting event, theme parks, etc soar...because they can..... (WSJ)
DID YOU KNOW?
Some good economic news? Overall labor-force participation, at 62.8% is a half-point higher than the Congressional Budget Office had predicted it would be before the pandemic, a more active labor market now than in 2019 pre-Covid. U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, which hopefully alleviates the inevitable supply disruptions that may come from the Middle East which could fuel inflation.
DID YOU KNOW?
There is an epidemic of loneliness in the US and lacking connection can increase the risk for premature death to levels comparable to smoking 15 cigarettes a day. The US Surgeon general's report "Our Epidemic of Loneliness and Isolation" finds that even before COVID, about 50% of U.S. adults reported experiencing measurable levels of loneliness. The physical consequences of poor connection can be devastating, including a 29% increased risk of heart disease; a 32% increased risk of stroke; and a 50% increased risk of developing dementia for older adults. Young people aged 15-24 had 70% less social interaction with their friends. Maybe we need to rename Social Media ANTI-Social Media?
DID YOU KNOW?
There will be around 15 Million more 70 plus year olds in the US over the next decade. We are going to need a lot of housing that looks like this:
- Single Story
- Small Floor plan
- Low Maintenance
- Small Yards
- Near Grandkids
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