This crossed my desk this morning, from a trader at JPM — those of you in the secondary markets know well who this is from, but I thought I’d share. Make sure to sing in your best “Free Fallin'” impersonation, a la Tom Petty! There’s no good bid, my 401k lost a comma. Help me Jesus, Greece and Portugal too! Hit another back bid, feels like I got kicked in the pelvis But I throw parties – at the Central Park Zoo. It’s been a long day, just downed my fifth Stoli Cause there’s a freeway runnin’ through my P&L He hit the wrong key, blame it on Cinco de Mayo My dreams of a 2 by 3… are falling apart! My P+L is Freeeee! Free Fallin!
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Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.
The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content