Redfin: Survey: 30% of Americans Want to Live Somewhere Else Due to Protests. And 70% already do! Redfin has now progressed to full-on RiotWashing: Not only did no riots happen, but people really love the riots that didn’t happen, and besides they never happened anyway. “‘Americans have been leaving major cities in droves during the pandemic, and recent unrest is just one small piece of the puzzle,’ said Redfin chief economist Daryl Fairweather.” Look at your frolicking charts, Daryl: Little hump: Pandemic. Big hump: Riots. Does it cause Redfin pain to tell the truth?
CNBC: Homebuilder confidence in November shatters record high, as buyers keep fleeing for the suburbs.
Housing Wire: NAR’s Yun expects a brisk winter housing market.
CNBC: Mortgage demand from homebuyers surges after election pause.
Forbes: How The Fed Paved The Way For The Biggest Real Estate Investment Opportunity Of Our Lifetime.
FEE: New Yorkers Are Abandoning the Big Apple in Droves Despite Cheaper Rent, Report Shows. Big cities thrived when communication lag was a problem: Foot messengers really mattered, and the American Stock Exchange was organized out of the windows overlooking Broad Street. None of that matters now, and, just as with malls and cinemas, the internet is eating everything of obsolete business models. Sad that we have to read this news in an economics blog, rather that in the real estate press.
Breitbart: Wayne County Reverses Decision, Certifies Disputed Election Results as Video Goes Dark.
Jordan Davidson: Joe Biden Has Said Nothing About The Violent Attacks On Trump Supporters.
The Federalist: If Americans Can No Longer Trust Our Elections, We’re In Big Trouble.
American Greatness: The Obama-Trump Transition Was More Like Sedition.
The Daily Signal: Crackdown on ‘Gendered Language’ Does Not Bode Well for Free Speech.