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Surge in Real Estate Market? Not Really.
ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
Mortgage Demand Soft, Housing Demand Still Present
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Another Inflationary Warning
Another inflationary warning is imminent as consumer demand drops and high inventory strains warehouse capacity in the US.
Tesla More Profitable Than GM + Ford
ESA Car Keys | During 2022, Tesla earned profits of $12.6B on revenues of $81.5B, making the automaker more profitable than GM and Ford combined.