US Median Home Prices Fall

Median home prices in the US have finally fallen after seeing significant reductions in cities like Tampa, Charlotte, and Phoenix due to high mortgage rates and expectations of lower rates in the future. Experts suggest that sellers are lowering prices to attract more buyers.

Art Auction Market Decline

Art auction sales at major auction houses are expected to be down from last year, with a decline in the art market following a peak in 2021-2022 due to factors like cheap money, a booming stock market, and fiscal stimulus. The decline is attributed to a lack of supply as sellers hold back on selling their trophies for a better market environment, leading to a stalemate between sellers and buyers.