Market Update | Mar 21

DID YOU KNOW?

Top Headlines: Delivered by Leonard Steinberg

March 21, 2024

01  California is the most populous US state home to Hollywood, Silicon Valley and a real estate market worth more than $9 trillion....

(Bloomberg)

02  "The housing market is in a very challenging situation right now. Problems associated with low rate mortgage [lock-in] and high [mortgage] rates and all that, those will abate as the economy normalizes and as rates normalize. But we’ll still be left with a housing market nationally, where there is a housing shortage."

03  Will TIK-TOK be banned in the US? Many real estate agents have used this as a marketing tool over the past few years.....what might replace it should this happen?

04  Might ALDI be the solution to food-flation? The German mega discount food market, better known outside of the US, plans to open 800 stores in the US with a $9 billion investment! A good food store is almost always a healthy neighborhood addition.

05  An interesting trend emerged on the runways of Paris recently as they featured more mature models.....marketing to older wealthy consumers is simply smart business!

(NY Times)