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American Concerns About Artificial Intelligence

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3. WSJ-Palantir Alum have started 350 tech companies and 12 Unicorns
PLTR Alumni have either started or are leading more than 350 tech companies, and at least a dozen have been valued at over $1 billion, says Luba Lesiva, who was head of investor relations at Palantir from 2014 to 2016. Lesiva runs a venture firm called Palumni VC, a play on the words Palantir alumni, which invests in startups founded or led by ex-Palantir employees.
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6. Real Estate Friday
Mortgage Debt at Lowest Levels Since the 1950s--Mortgage debt is now 28% of the U.S. housing market value.
Source: Bespoke
Home Price Drops from 2022 Covid Highs-Wolf Street Blog The 19 metros whose prices are down from their 2022 highs.
Led by these metros with percentage declines from their highs in 2022:
Austin: -22.8%
San Francisco: -10.1%
Phoenix: -9.0%
San Antonio: -8.0%
Denver: -7.0%
Sacramento: -6.7%
Tampa: -5.3%
Honolulu: -5.2%
Dallas: -5.0%
Portland: -4.7%
Salt Lake City: -3.7%
Seattle: -3.3%
Raleigh: -2.1%
Home builders boost sales incentives to 5-year high as they struggle to sell newly built homes-Marketwatch
Two-thirds of builders are offering sales incentives to lure home buyers by
The numbers: Confidence among home builders ticked down in August as home-buying demand remains weak, and builders are throwing more sales incentives at buyers to boost sales.
Builders’ sentiment in the market fell in August from the month before. Sentiment was glum as builders face weak demand as well as challenges associated with developing land and building homes.
The National Association of Home Builders’ monthly confidence index fell in August to 32, the industry group said. A year ago, the index stood at 39.
Builder sentiment has been in negative territory for the last 16 months in a row, the NAHB noted.
Big picture: Persistently high mortgage rates and home prices are keeping buyers away from the market.
The pace of home sales remains depressed, as many buyers can’t afford to enter the market. The 30-year fixed-rate mortgage rate was 6.58% as of Aug. 14, according to Freddie Mac. The median price of a new home was $401,800.
Concerns over the future of the U.S. economy, with reports of a weakening labor market, are behind the reluctance to buy homes right now.
“Affordability continues to be the top challenge for the housing market and buyers are waiting for mortgage rates to drop to move forward,” Buddy Hughes, a home builder and developer from Lexington, N.C., and chair of the NAHB, said in a statement.
On top of the demand-side weakness, “builders are also grappling with supply-side headwinds,” he added, “including ongoing frustrations with regulatory policies connected to developing land and building homes.”
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