Housing, P/Es & Data Centers

Supply and demand are out of whack in the US housing market, Jackie reports, with unusual forces bearing upon the inventory of homes for sale, home prices, mortgage rates, and affordability. If something’s gotta give, it may be home prices—which could plateau or, in some oversupplied markets, even drop. … Also: a look at S&P 500 sectors’ valuations now versus a year ago; the changes in some may surprise. … And in our Disruptive Technologies segment, a look at AI data centers’ ravenous need for electricity, causing them to locate near existing power sources and investigate the potential of small modular reactors.