The US housing market is officially a buyer's market:
There were an estimated +57.9% more home sellers than buyers in August, the biggest gap on record.
This is up sharply from +52.1% the month before, which was the 2nd-strongest buyer's market on record.
This comes as the number of active sellers surged +3.9% MoM, or +57,958, to 1,534,918, the most since early 2020,marking the largest monthly increase on record.
At the same time, there were ~972,300 active homebuyers, the 2nd-lowest reading on record.
This brings the gap between active sellers and homebuyers to a massive 562,618.
As a result, 36 of the 49 major US metros are now buyer's markets, led by Nashville, where sellers outnumber buyers by +139%, followed by Miami at +138%, and Houston at +131%.
Historically low affordability is causing buyers to quit.
The genie is out of the bottle anyway. If Anthropic or OpenAI don't get to true AGI first, someone else will. It's now all about who wins the race and the guardrails, if any.
🚨 JUST IN: Global gold reserves are shifting as geopolitical tensions reshape where nations keep and trade their bullion.
European central banks are moving gold closer to home, while Russia has redirected nearly 100 tonnes through Hong Kong in just seven months.
Gold is increasingly being treated not just as a reserve asset, but as protection from geopolitical and financial risk.
NOW Tracking: Stonks 📈
Memecoins paired with tokenized stocks have begun trending on Robinhood Chain.
To help you track performance against the paired stock, we've launched a new page indexing stock-paired memecoins.
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