Overnight News: ‘And all they will call you will be… diasporatees…’

In the rectangle described by the SR-303 and SR-202 freeways – in other words, all of Metropolitan Phoenix, the entire Valley of the Ever-Fecund Sun, from BFE to shimmering BFE – how many single-family-detached homes are Actively for sale for $200,000 or less?

Zero.

Call it an exodus or a diaspora, we are hugely the beneficiaries.

My question, as always: What’s happening on the other end. If y’all are filling all of our houses, it argues that we’re emptying quite a few of yours. What’s up with that?

Meanwhile: It’s a great time to be a lister in Phoenix, a lousy time to be a buyer’s agent, but maybe an excellent time to be on the supply side.

And: Anyone selling without testing the market – anyone selling to wholesalers or iBuyers – is making a five-figure mistake right now.

Christmas Brutality: A dumpster diver’s Christmas.

In environs less fragrant:

CNBC: Refinance demand jumps 105% annually, as mortgage rates set 15th record low of 2020.

Housing Wire: The nail in the coffin for ending GSE conservatorship under Trump?

The Federalist: How Going Soft On Drugs And Crime Has Turned Seattle Into Another American Wasteland.

New York Post: NYC’s mass COVID-19 exodus cost $34B in lost income, study says.

City Journal: Flight of the Icons: Anti-business policies are driving flagship firms out of California.

American Thinker: The Fraudulent 2020 Election Is History Unfolding before Our Eyes.

Victor Davis Hanson: Where Did the New Mad Left Come From?

The American Spectator: The Road to Hell is paved with government intervention.