Welcome to Markets Desk, here's what's moving the conversation today.
Redfin and Home Economics have turned conventional wisdom on its head, finding that the holiday window from early November through mid-December is actually the prime buying season in seven major U.S. metro areas. Less competition, motivated sellers, and softer pricing can give buyers real leverage when the rest of the market goes quiet.
Shifting to equities, Wall Street is asking who follows Meta into blockbuster stock split territory. Micron Technology is drawing serious attention, with analysts pointing to the company's strong medium-term positioning as the global shortage of memory chips continues to tighten supply and lift margins heading into next year.
And on the policy front, a striking new economic argument is surfacing in California ahead of a key ballot decision. Economists say that if the state unwound Proposition Thirteen, the landmark nineteen seventy eight measure that capped property taxes at one percent of assessed value, the resulting revenue would actually eclipse what the proposed billionaire wealth tax is projected to generate. That is a number that reframes the entire debate.
That's the tape. Markets Desk, signing off the floor.
