Austin G

[Detroit Red Wings @DetroitRedWings]

AND THAT'S HOW YOU DO IT

[NHL @NHL]

91 forever 🔴⚪

[unusual_whales @unusual_whales]

The condo market hasn't been this bad in over a decade, per WSJ

[Pistons Talk @Pistons__Talk]

Lebron James on the Pistons

“Cade has been amazing big fella Jalen Duren and the rest of the guys they’ve been playing good basketball it’s that Detroit feeling again.”

[unusual_whales @unusual_whales]

Sellers in the US housing market currently outnumber buyers by about 500,000, the biggest gap on record, per Redfin.

[unusual_whales @unusual_whales]

Home sales are headed for their worst year since 1995, per Redfin

[unusual_whales @unusual_whales]

"Home sellers still think their homes will command high asking prices as they did during the housing bonanza in 2020 and 2021, or they paid so much for their properties and aren’t willing to budge on the price," per FORTUNE

[Kalshi @Kalshi]

JUST IN: Housing market in the US now at most unaffordable level in history

[unusual_whales @unusual_whales]

Home sales are headed for their worst year since 1995, per Redfin

[Nick Gerli @nickgerli1]

Lennar is showing you what has to happen in the housing market to drive sales.

They've cut prices 22%. And are now below pre-pandemic pricing.

The result? Sales orders have spiked.

Lennar's margins have compressed to 17.5% as a result of the price cuts. But that's just how it goes in a housing recession - to move inventory, and sell homes, you need to accept less.

Existing home sellers would be wise to take note.

[Nick Gerli @nickgerli1]

7) The market is the market, though, and eventually these existing sellers will get to a place where they cut the price enough to motivate transactions.

It's just a slow, painful process, and takes time.

But the data points are piling up one by one to show us that this is, in fact, where the market is heading.

[MacroEdge @MacroEdgeRes]

Residential housing construction continues a free fall off its highest peak ever…

#MacroEdge

[unusual_whales @unusual_whales]

A new bill in Congress could allow the US government to strip citizens of their right to travel for criticizing Israel, per the Intercept.

[unusual_whales @unusual_whales]

There are more home buyers over the age of 70 in the U.S. than under the age of 35, per NAR

[unusual_whales @unusual_whales]

Alcohol consumption has gone into possibly permanent decline, per Bloomberg.

[unusual_whales @unusual_whales]

New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, per FORTUNE.

[unusual_whales @unusual_whales]

Housing data shows sellers now exceed buyers by over 500,000, marking the largest imbalance ever recorded in the market, per Redfin.

[Barchart @Barchart]

BREAKING 🚨: Lumber

Timberrrrrrrrrrrrr 🌲🪓📉

[Brew Markets @brewmarkets]

May jobs revised from 144,000 to 19,000.

June jobs revised from 147,000 to 14,000.

Wow.

[Bravos Research @bravosresearch]

BEWARE: Home buying conditions have plummeted

Such low levels have been seen only 2 times since 1960:

- 1974
- 1981