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May
24

The Pandemic Real Estate Boom is Slowing

Recent housing-market data has shown the massive effect the surge in rates has had on home buyers. "The pandemic boom in home sales is over, and activity is back at pre-pandemic levels," Mizuho Securities U.S. economist Alex Pelle and chief U.S. economist Steven Ricchiuto wrote in a research note.  It's clear that the affordability challenges posed by rising rates and higher prices has cooled demand among home buyers. Nevertheless, home listings remain few and far between. That means that home prices likely will continue to grow — albeit at a slower pace — since even with a reduced pool of buyers there aren't enough properties to grow around, analysts say.

Most economists anticipate that the housing market is balancing out, meaning that bidding wars and contingencies could soon become a thing of the past.

  • MarketWatch, May 8, 2022
February
27

Covid Omicron Has Peaked and Dropping Rapidly

Just as expected once the Omicron variant had peaked there would be a rapid drop in the number of people testing positive on a daily basis across the United States.    The peak date was Sunday, January 16th, and just 15 days later the number of people testing positive daily has decreased by half.

  • 890,000 daily – Sunday, January 16th
  • 690,000 daily – Sunday, January 23rd
  • 523,000 daily – Sunday, January 30th
  • 397,000 daily – Sunday, February 6th
  • 223,000 daily – Sunday, February 13th
  • 102,000 daily – Sunday, February 20th  

  • New York Times, February 20, 2022
February
3

Covid Omicron Has Peaked and Dropping Rapidly

Just as expected once the Omicron variant had peaked there would be a rapid drop in the number of people testing positive on a daily basis across the United States.    The peak date was Sunday, January 16th, and just 15 days later the number of people testing positive daily has decreased by half.

  • 890,000 daily – Sunday, January 16th
  • 690,000 daily – Sunday, January 23rd
  • 523,000 daily – Sunday, January 30th
  • 457,000 daily – Monday, January 31st

  • New York Times, January 31, 2022

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