House Price Inflation

My thought has been for months that housing would be fine. In fact, I expected that price rises would accelerate given the lack of inventory for sale and low rates. Whelp, here we go. Here’s the FHFA price index updated through July.

Prices are up 6.2% year over year and accelerating. Inventory is low everywhere still and I expect this to continue.

EU Back in COVID Trouble

The stock market is down today. Why? COVID is back in the EU. In fact, cases are essentially back where they were in March.

Germany has been spared so far, but if cases spike there, we will likely see new economic shutdowns in the EU, which has worldwide implications.

Winter is coming…. what happens when everyone has to be inside in 2 months?