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Top Headlines: Delivered by Leonard Steinberg

June 06, 2024

01  Are homes in Tennessee, Alabama, South Carolina, Montana and Arkansas overvalued? A new report published by Fitch Ratings found that homes were overvalued by 11.1% at the end of 2023, a trend occurring in about 90% of U.S. metro areas

(FOX Business)

02  "Nothing really wonderful will happen to you behind a screen."

– Scott Galloway

03  Roughly 18,000 single-family, built-for-rent homes were started during the first quarter, a 20% increase from the first quarter of 2023.

(CNBC)

04  Prime property prices — defined as the top 5% of the market — fell more than 2% in New York and London in the first quarter compared to the same period a year ago, while in Manila, Tokyo and Mumbai, luxury home prices surged, gaining 27%, 13% and 12%, respectively. Miami was up 7% and San Francisco up 2%.

(Bloomberg)

05  The next Industrial Revolution has begun with businesses and countries converting existing data centers into “A.I. factories.

– Jensen Huang, CEO Nvidia.

Building the infrastructure to drive A.I. - aside from the productivity benefits of A.I. - may result in an unprecedented economic boom. (CNBC)