Hunkered Down, But Looking Ahead
For weeks now, low, heavy clouds fat with water have hung over East TN.
M3_Melody Substack
My personal Substack
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Deja Vu
As I sat down to pen these pages, I could not escape the feeling that we have been here before.
Condo Crisis 2.0?
The Case Shiller home price index for May 2026 was released today, and seasonally adjusted, the series was down again Month-over-Month (MoM) for the third month in a row…in the selling season.
Debt Disasters
School starts in TN in two weeks.
Buckled Beams
When I saw the headline about the building at the center of a large office-to-apartment conversion in New York City whose beams buckled, I thought that this could become one of the most poignant memes of the cycle.
Can You Feel It?
From sales to delinquency, something has shifted in housing.
(Un)Comfortably Numb?
Recent housing data registered a nearly imperceptible blip on market-watcher screens as those in the media focused intently on the signing of the memorandum of understanding with Iran.
Seasonal Anomalies
“Now is the winter of our discontent / Made glorious summer by this sun of York.”
Roots
Well, folks, just when you think things can’t get any stranger, they do just that.
Crossroads
An Accidental Stop in the Silicon Heartland