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Conor Sen

The National Association of Realtors’ gauge for months of supply of existing homes for sale is near the highest in nine years.

COMMENTARY

The US housing shortage is over (sort of)

epa12372159 A person shops for meat at a grocery store in Los Angeles, California, 12 September 2025. Meat prices, especially beef, remains elevated, ground beef is 12.8 percent higher than in August 2024, and steak prices are up 16.6 percent. According to the US Bureau of Labor Statistics, ground beef now averages $6.34 a pound. EPA/ALLISON DINNER

Inflation is the lesser evil

A recent Wall Street Journal report noted that the share of entry-level roles relative to all new hires has slumped by 50% since 2019 among the biggest tech companies.

THE BROAD VIEW

Youth is losing to experience in this job market

The resale market has been slumping since early 2022 as potential sellers sit on their homes rather than give up low mortgage rates.

The US housing market is now completely broken

Amazon shed 10 per cent of its headcount over a few months, but business segments such as Amazon Prime, advertising, and Amazon Web Services shored up revenue despite the downturn in e-commerce.

Amazon is showing us what a soft landing looks like

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