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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 21 May 2024 - - - #### Want to buy a home? 1980: save for a couple years 2024: forget about it Source: Michael Burry Stock Tracker [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![Want to buy a home?](https://blog.syzgroup.com/hubfs/8-May-21-2024-12-28-17-1195-PM.jpg) ![Want to buy a home?](https://blog.syzgroup.com/hubfs/8-May-21-2024-12-28-17-1195-PM.jpg) 10 May 2024 - - - #### Hong Kong’s New Home Sales Hit Record High of $5.4 Billion New home sales in Hong Kong surged to a record high in April, as buyers rushed to the market after the government removed property curbs. The value of firsthand residential property sales reached HK$42 billion ($5.4 billion) last month, more than triple the value of transactions in March, according to Ricacorp Properties Ltd. That’s the highest in data going back to 1996. The number of sales at 3,545 was also the most since 2006. This sales boom follows the removal of extra taxes in February, which led Hong Kong’s developers to speed up new project launches and discount properties to capture increased demand. Last month, CK Asset Holdings Ltd. priced its homes in the Blue Coast project roughly 20% lower than nearby competitors, while Great Eagle Holdings Ltd.’s units in the Ho Man Tin area were initially priced at about 30% below nearby new projects that launched a year earlier. Developers are racing to clear their inventory with discounts, after a weak property market in the past year led to the accumulation of unsold homes. The number of properties available in the primary market rose 6% to 91,300 in the fourth quarter of 2023 from three months earlier, according to Jones Lang LaSalle. By comparison, only 13,000 new homes were sold on average every year from 2021 to 2023, government data show. [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Hong Kong’s New Home Sales Hit Record High of $5.4 Billion](https://blog.syzgroup.com/hubfs/1-May-10-2024-01-16-17-1976-PM.jpg) ![Hong Kong’s New Home Sales Hit Record High of $5.4 Billion](https://blog.syzgroup.com/hubfs/1-May-10-2024-01-16-17-1976-PM.jpg) 6 May 2024 - - - #### The cost of buying a home in the US rises to $2,750/month, the second highest ever recorded, according to Reventure. Prior to the pandemic in 2022, the average home in the US would cost $1,400/month. In other words, it is now 100% MORE expensive to buy a home in 2024 compared to 2020. Even at the peak of the 2008 Financial Crisis, the average home payment peaked at $1,550/month. The average US family would need to spend 44% of their PRE-TAX income to buy a home today. Source: The Kobeissi Letter, re.venture [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The cost of buying a home in the US rises to $2,750/month, the second highest ever recorded, according to Reventure.](https://blog.syzgroup.com/hubfs/16-May-06-2024-10-19-34-1423-AM.jpg) ![The cost of buying a home in the US rises to $2,750/month, the second highest ever recorded, according to Reventure.](https://blog.syzgroup.com/hubfs/16-May-06-2024-10-19-34-1423-AM.jpg) 12 Apr 2024 - - - #### BREAKING 🚨: St. Louis Commercial Real Estate The Former AT&T Building in St. Louis just sold for $3.6 million. In 2006, it sold for $205 million. A total loss of more than 98%. Source: Barchart [#Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) ![BREAKING 🚨: St. Louis Commercial Real Estate](https://blog.syzgroup.com/hubfs/6-Apr-12-2024-03-47-04-5165-PM.jpg) ![BREAKING 🚨: St. Louis Commercial Real Estate](https://blog.syzgroup.com/hubfs/6-Apr-12-2024-03-47-04-5165-PM.jpg) 8 Apr 2024 - - - #### Price cuts in Florida just surged up to the highest level In http://Realtor.com's data set: 30.1% of all house listings had a price reduction in March 2024. Indicating substantial "selling pressure". Source: Nick Gerli, Re.venture [#Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) ![Price cuts in Florida just surged up to the highest level](https://blog.syzgroup.com/hubfs/2-Apr-08-2024-09-21-21-3824-AM.jpg) ![Price cuts in Florida just surged up to the highest level](https://blog.syzgroup.com/hubfs/2-Apr-08-2024-09-21-21-3824-AM.jpg) 26 Mar 2024 - - - #### BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure. New home prices peaked in late-2022 at $497,000 and have fallen to $401,000 as of the latest data. In the financial crisis, new home prices dropped by 23% from 2007-2010, according to Reventure. US Home prices are down roughly the same amount in just 1.5 years, or half the amount of time. Still, new home prices are ~20% above pre-pandemic levels and existing home supply is near record lows. Is the hashtag#us housing market beginning to crack? Source: The Kobeissi Letter, Re-venture [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure.](https://blog.syzgroup.com/hubfs/8-Mar-26-2024-10-03-31-0613-AM.jpg) ![BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure.](https://blog.syzgroup.com/hubfs/8-Mar-26-2024-10-03-31-0613-AM.jpg) 22 Mar 2024 - - - #### China scrutinizes PwC role in $78 billion Evergrande fraud case Chinese authorities are examining the role of PWC in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector’s meltdown. Source: Bloomberg [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![China scrutinizes PwC role in $78 billion Evergrande fraud case](https://blog.syzgroup.com/hubfs/China%20PWC%20Evergrande.png) ![China scrutinizes PwC role in $78 billion Evergrande fraud case](https://blog.syzgroup.com/hubfs/China%20PWC%20Evergrande.png) 12 Mar 2024 - - - #### Major U.S. Banks, by Commercial Real Estate Exposure This graphic shows the 20 largest U.S. banks by assets, and their exposure to commercial real estate as a percentage of total loans. source : visualcapitalist [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) ![Major U.S. Banks, by Commercial Real Estate Exposure](https://blog.syzgroup.com/hubfs/15-Mar-12-2024-01-09-33-9626-PM.jpg) ![Major U.S. Banks, by Commercial Real Estate Exposure](https://blog.syzgroup.com/hubfs/15-Mar-12-2024-01-09-33-9626-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/6) [5](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/5) [6](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/8) [9](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/9) [❯](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/8) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/13?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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