![]() ![]() Zillow Group Inc.’s home value index, which estimates the value of the typical U.S. This is from a Zillow report (via the WSJ): Housing prices were so strong last year that many homeowners made more on their home than they did from their job. Generationally low mortgage rates (until recently).Īdd in the remote work trend and pandemic-induced exodus from some expensive areas of the country and you get one of the craziest housing markets ever.We didn’t build enough houses following the Great Financial Crisis.Millennials are in their prime household formation years.I’ve gone over the reasons for this in the past: 48% of all houses sold went for more than the listing price.Almost half of all homes had an offer accepted within a week. Nearly 60% of houses that went under contract had an offer accepted within the first two weeks after it was listed.That’s $530 more a month than pre-pandemic levels. With mortgage rates now above 4% and prices skyrocketing, the average monthly payment on the median home sale price is now $2,120.median home sale price surged 7% during the four-week period ending March 13. Here are some data points from the latest Redfin housing market update: The supply chain is all but broken and maybe the housing market is too. Unfortunately, even if we wanted to build more houses right now, it’s basically impossible with all of the supply chain issues and worker shortages. While demand is strong, supply is short and constrained, the ability to actually build and deliver homes has been slowed by the supply chain that is all but broken, by the workforce that is short in supply, and the intense competition for scarce and titled land assets. Niladri Sarker, gallery founder and CEO.He said it’s taking 6-8 weeks longer to build a house right now for a variety of reasons: The artists of Art Show International Gallery stand unique in their diversity, congregating on our gallery walls from across 92 countries and six continents. Look closely and you’ll find that the freshly sprayed face of resistance in the war-torn streets of Kyiv was made from the same pot of paint used to scribble graffiti at a Black Lives Matter rally in New York City. Above all, the connection that art makes transcends all boundaries of time and space. Our connected neurons breathe life into our abstract thoughts. What becomes clear through the exhibition is that working contemporary artists are engaging in a much broader spectrum of styles than one would see during a stroll through New York or London’s blue-chip gallery districts.Īccording to the Gallery: “From the subdued remains of the Cáceres cave painting some 65,000 years ago to the brisk escalation of the all-pervasive internet, the human brain has forever been making connections. Another standout was Alena Fadeeva’s gesturally dripped, abstract canvases, which manage to be at once visceral and ghostly. Printz, in fact, only started painting in 2020. Russian artist Olga Bezlepkina creates luminous watercolor paintings, usually of plants, while American artist Gayle Printz makes looping abstractions reminiscent of Jackson Pollock, but in bright tones. Why We Like It: Among the wealth of art we found some favorites. What You Need to Know: A recent exhibition at Los Angeles’s Art Show International Gallery brought together works by nearly 40 contemporary artists from across the globe for the wide-ranging exhibition “Art Connects.” The exhibition, which is now available to explore online, aims simply to showcase the work of artists that have caught the gallery’s eye in the past year, be they landscapes, portraits, or vibrant abstractions, and see what connections arise between the works. Check out what we have in store, and inquire for more with one simple click. Every month, hundreds of galleries add newly available works by thousands of artists to the Artnet Gallery Network-and every week, we shine a spotlight on one artist or exhibition you should know.
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