housing outlook

Hey readers. I'm Phil Rosen, writing to you from midtown Manhattan, where I've attended a handful of events the last two days for NFT NYC. Across cocktail parties and dance floors, everyone here is bullish on tiny digital images that range from apes to stick-figure drawings.

Can you believe it's only Thursday? Phil Rosen here. The sheer volume of financial news this week is enough to fill a very thick book — but if it's okay with you, today we'll keep it to a single newsletter. 

One thing I'm thinking about this morning: Elon Musk said he sees similarities between the Silicon Valley Bank collapse and the 1929 Wall Street crash.

Welcome back, readers — Phil Rosen here. On this day 54 years ago, the Beatles played their last-ever gig on a rooftop in London. 

And just the same, today marks my last Monday writing to you from California this winter. 

That's not to say I'm on par with the Beatles, but I've never really believed in coincidence. I'll leave that verdict for you.

Now — into the housing market we go.