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Housing Bubble in US
Sponsored by Power Nickel
Housing Bubble in US
A real estate analyst has raised alarm bells about an impending housing market crash in the Southern United States. Nick Gerli, CEO of Reventure Consulting, points to several indicators suggesting that a housing bubble in the region is on the verge of bursting.
According to Gerli, the number of new homes for sale in Southern states such as Florida, Georgia, Tennessee, and Texas has reached an unprecedented level of nearly 300,000 units. This figure surpasses even the previous peak observed in August 2006, just before the last major housing market crash.
You can read more on the matter here.
Sterling Metals (TSXV: SAG) is a mineral exploration company focused on Canadian exploration opportunities. The company is currently advancing its 100% owned Sail Pond Project located in the Great Northern Peninsula of Newfoundland, and recently came to terms to acquire the Copper Road project in Ontario. The 13,500 ha Sail Pond Project is a brand-new discovery, first discovered in 2016, while Copper Road consists of 24,000 ha of claims surrounded by robust infrastructure in a belt home to past producing deposits.
What’s going on?
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The stock market and stuff
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Ex-FTX executives who testified against Bankman-Fried to be sentenced (Reuters)
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In the juniors
Hertz CEO Revamps Leadership With Ex-Delta Executives Amid Ongoing Pivot (theDeepDive)
CanAlaska Shares Jump on 21.6-Metre of 3.44% eU3O8 Intersect at Pike Zone (theDeepDive)
Canada Nickel, Noble To Consolidate Nickel Assets (theDeepDive)
FULL DISCLOSURE: Sterling Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Sterling Metals. The author has been compensated to cover Sterling Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.