A Week in Charts

HELOC is trying to pick up a bit of steam after hitting record lows since 2004.

Tax refunds can be part of the stimulus, but they don't have as big an impact on new real estate purchases as they used to.

Mortgage is still the undisputed debt champion.

Starting to see more stress though in the market.

America has a lot of debt, and we are in trouble if people won't buy that debt. Just like you couldn't do a mortgage loan if no one was buying your mortgage-backed security.

The world economy is doing its best to fight through this chaos.

Unemployment has largely impacted the younger working group. It's still my biggest concern for real estate. We need to keep the job economy strong to avoid foreclosures.

While AI is a disruptor of jobs, many new jobs that didn't exist last year are now being created.

The left coast makes a comeback.

If you want to have more than one child in New York, you want to make at least two million a year.

Still finding it difficult for real estate to really build momentum

Inventory, kind of doing inventory things.

But pricing pressure is muted as long as inventory continues to rise.

That which was previously leading the market is now the problem.

Money flowing into more defensive sectors

You don't want energy leading; that's usually telling you you're closer to the end of a cycle than the beginning of a cycle.

A lot of volatility now, which can often signal lower volatility in the future.

Some stocks are kicking butt, but many have had massive draw downs.

The prior technology crisis was fueled by speculation without income. The AI bubble has supporting income, which makes this very different.

The majority of returns are still coming from dividends.

I love dividend-paying stocks.

AI is slowly but surely starting to become more of an economic driver.

Most industries showing more productivity

My grandparents and yours may be spending more time on their phone now than we do.

Especially if you have younger children.