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Don’t Get Lured Into The Matrix

Don’t Get Lured Into The Matrix

Authored by Mark Jeftovic via BombThrower.com,

Who needs Climate Lockdowns If Everyone is in Trapped the…

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Don't Get Lured Into The Matrix

Authored by Mark Jeftovic via BombThrower.com,

Who needs Climate Lockdowns If Everyone is in Trapped the Metaverse?

In “The Metaverse is a Scam” I called Virtual Reality “late state globalism’s Hail Mary” play to herd huge swaths plebs into their own private, fully immersive hallucinations – where they can live out an inconsequential dreamlike existence however they want, just so long as it stops them from taking up too much space in the real world.

“Soon he will be shown something that perfectly fulfills his most hidden and cherished desires, desires he has never fulfilled. Unable to resist the chance to do it at last he enters by a golden door into eternal captivity”

- How Do They Get Our Souls? Whitney Streiber’s The Key

Apple’s announcement at WWDC saved the Vision Pro for last – it’s expected to roll out in 2024 and is being heralded as the most significant revolution in technology interface since the smartphone. The Vision Pro is not a VR head-set per se, it’s a “spacial computing” interface for Augmented Reality: instead of immersing you 100% in a digital construct, it overlays objects, icons and UXs from the computing world and the internet, onto your visual field of the physical world you occupy.

This isn’t entirely new: Google’s Glass was also an Augmented Reality headset but it bombed. And there is Facebook (sorry, “Meta’s) Occulus, which is a fully immersive VR headset.

Since I wrote that piece, there has been more of a drumbeat around personal carbon footprints and CO2 rationing. The wholly concocted FUD around Bitcoin mining – people fail to see that for what it is: a Lysenkoist Trojan Horse that if accepted will legitimize the idea that external authorities (technocrats) have the moral authority to decide how everybody else gets to use their own energy.

In addition to the Apple Vision Pro announcement, last month the FDA approved Elon Musk’s “Neuralink” for human trials. Billing itself as a

“brain-computer interface is fully implantable, cosmetically invisible, and designed to let you control a computer or mobile device anywhere you go.”

Neuralink is initially targeting people who have physical impediments to interacting with the world at large, and in that capacity, it stands to be a quantum leap for people with debilitating conditions.

But after that, when brain implants enter the mainstream, we should expect to see some sub-optimal outcomes…

The Metaverse, Augmented Reality, UBI and CBDCs are all SOMA.

“Soma” is a substance featured in Aldous Huxley’s dystopian novel “Brave New World”, published back in 1932. It’s a powerful, government-issued drug used to control the population, offering a pleasant, hallucinogenic escape from reality without any negative physical side effects, thereby keeping society docile and content.

For example, technocrats believe that UBI will emancipate an increasingly unemployable rabble from the rat-race of having to earn a living; empowering them to spend their time doing yoga, writing poetry and generally self-actualizing.

That’s a nice vision, but what probably happens instead is that it creates legions of dependent, subservient couch potatoes bingeing on cheesies, dope and porn.

In the same vein, ubiquitous brain implants probably won’t give rise to a generation of super-literate, hyper-informed, augmented-IQ over-achievers as much it will create an entirely new form of couch potato, who could completely end-run the myriad stimuli that get them their dopamine hits, and just tap straight into the neurological response:

“The most dangerous form of electronic drug is direct stimulation of the pleasure centre of the brain. This is called ‘wireheading’.

Wireheading is much like any other electronic implant. Electrodes in the brain, connected to the pleasure centre are hooked into a jack at the base of the skull. A small transformer, plugged into normal house wiring, provides a trickle of current necessary to stimulate the pleasure centre.

While a wire head is hooked in, he becomes impervious to everything and will forego food, water, sex or anything else…”

- GURPS Cyberpunk RPG

We’re being conditioned to accept that we can have all our needs met in a virtual world (where, as the Ethereum kiddies like to think, they can invent their own rules of physics):

“To summarize this in a more philosophical way, Proof-of-Work is based on the laws of physics, so you have to work with the world as it is. You have to work with electricity as it is, hardware as it is, what computers are.

Whereas because Proof-of-Stake is virtualized in this way, it’s really cool, you get to create a simulated universe that has its own laws of physics. And that just gives us protocol developers a lot more freedom to optimize the system to give us all of the security properties that we want.

If we want the system to offer a certain security guarantee, that means we can modify the system in way that lets us achieve it.”

As I pointed out in “When Whiteboard Economics Collide With Reality”:

“[Vitalik] Buterin is making our point for us, without realizing he’s making our point for us. He is expressing the ultimate technocratic fantasy: the ability for managerial experts from on high to reorder reality according their own whims and priorities. Where models can be created on whiteboards and reality is expected to conform to these models. It never does, yet we live in a world where people who point out that the models are flawed are demonized while those who bear no consequences for being wrong, double down and are awarded Nobel Prizes.”

If enough of the plebs, the rabble and the useless eaters can be convinced to accept this virtual reality as genuine, or at least a reasonable facsimile of life – possibly even preferable to many, then a lot of big, macro problems get solved.

For starters,  us commoners won’t be able (permitted, really), to continue despoiling the real world.

Then while the rest of us are in our virtual realities, living on UBI, delivered by CBDCs, being fed plant-based sludge intravenously, the real world will be deftly managed by expert technocrats and super-wealthy elites – whose private jets, multiple residences and super yachts are somehow exempt from the wonton environmental destruction the rest of us would cause with our single use plastic straws, pet dogs and meat consumption.

The pretext for all this is a curious faith in Scientism (as opposed to the scientific method), being carpet bombed across the MSM and big tech platforms that is tantamount to brainwashing:

It provides the intellectual grounding for the WEF-inspired “Fourth Industrial Revolution” framework which utterly failed in it’s first big test: the COVID-19 pandemic, wherein every core tenet turned out to be wrong, and every policy response failed.

Undaunted, this thin scab of elites who sit atop the global cap table have already pivoted to rhetoric around a group of unfalsifiable, logical fallacies collectively branded as The Climate Crisis™ and are now trying to make the case that these same experts and technocrats who botched the pandemic response across the board should get to decide how much time and space the rest of us get to take up in the real world.

The Carbon They Want To Reduce is You

We’re already seeing the promulgation from the corporate media that combatting climate change is “too important to be left up to personal choice”, which means somebody else is going to have to decide for all of us how much energy we get to use and CO2 we get to emit.

It’s called “the ultra-low carbon lifestyle” and it looks like we’ll all (the rest of us not them) will have to ratchet down our lifestyles by half before 2040, and then half again by 2050. That’s 75% reduction in living standards within the next 25 years.

The UK Fires “Absolute Zero” paper makes unambiguous references to metering – and then attenuating – “individual’s ‘fair share’” of energy or carbon emissions.

With France already eliminating short haul flights, the UK talking about ending air travel (for the plebs) by 2050 – various localities banning internal combustion engines after 2030, we see incremental “boil the frog” motion converging on strategic goals that have been laid out, such as the “15 minute city” concept.

It’s hard to ignore where this is all going:

Who needs Climate Lockdowns If Everybody’s in the Metaverse?

The emerging Matrix does provide a perfect solution to solve the impending crisis – which as I’ve said from the very beginning of The Bitcoin Capitalist letter, actually turns out to be the collapse of a debt super-cycle and the end of the fiat money era, rather than anything to do with climate:

“Despite the corporate media messaging, the real reason behind this isn’t because of climate change or even COVID. It’s because of the debt.

The world is finally out of runway from kicking the can down the road all those times the global economy threatened to backslide into recession, or when previous monetary bubbles imploded. All those decades of collectively living on credit and borrowing against the future have finally hit the wall.

This is it. We’re here. The end of the debt super-cycle:

Governments have spent beyond their means for decades, and now the bills have come due.

The only way to pay them will include inflation and austerity. It will resemble a controlled demolition of the entire middle class.

The easiest way to do that will be to turn as many people as possible into a completely dependant welfare class via endless rolling lockdowns, Universe Basic Income programs and mandatory health passports.

At its core, The Great Reset is a monetary reboot. Its seen as way to restructure the global debt overhang and turn “money” into technocratic lube for enacting grandiose social engineering projects: most of them geared toward ratcheting down the standard of living for the masses.

- The Crypto Capitalist Manifesto

Ideally, we will become so accustomed to “living in the pod” that we’ll feel awkward in the real world. When I saw the Apple Visio Pro announcement, I couldn’t help but remember “Moths to a Flame: The Seductions of Computer Technlogy”, written in 1996 by Indiana University professor Gregory Rawlins.

After positing what a near future, virtual reality workaday existence might look like, Rawlins explores the fate of a Matrix-dweller reemerging into the real world:

“His physical home finally opens out on him. After spending the entire day in various artificial realities he’s finally back in real reality– such as it is. He is alone at home… His computer in his shirt pocket; its microlasers, which tracked his gestures and facial expressions and sent information to his earplugs and the tiny displays in his contact lenses, wink out.

As usual the transition has left him a little unsettled. His brain evolved to deal with one stable reality, still isn’t used to abrupt jumps between realities. Someone should fix that, he thinks. It would be even worse when computers talk directly to the brain. He would have to remember to make the transitions in his interface more graceful…

Sometimes he catches himself snapping his fingers  and uttering his various call words, unthinkingly trying to summon things in the real world. They rarely come, of course. It’s December 20, 2021, and reality isn’t by any stretch of the imagination what it used to be.”

What I can envision happening to people who spend increasingly higher proportions of their time in various artificially concocted realities, is that they’ll become somewhat Gollum-ish, armed with a seemingly magical device, they burrow into their own minds, away from what is real, until it eventually consumes them entirely…

Stay Real and Stack Sats

I’m no luddite. Technology affords the possibility of astonishing personal empowerment, and we should all be seeking to use it to leverage our abilities and our time to better our lives and those around us. However, the self-sovereign among us should be attenuating and scaling back our personal total immersion in the virtual world.

Instead of being used by Big Tech, pimping ourselves out as data cows and ultimately being herded into The Matrix and digital serfdom; we should be developing businesses and assets in the digital world that generate income streams and royalties for us out here in the real world. It’s never been more possible for literally anybody to harness the power of these platforms to their own advantage instead of being harvested and manipulated by them.

In the course of writing The CBDC Survival Guide (now looking like it might be a full-on book rather than an e-book report), I’ve been working my way through Norm Franz’s “Money & Wealth In the New Millennium”. You may not recognize the name until you’re reminded of one of the more famous quotes from that book: “Gold is the money of kings, silver is the money  of gentlemen, barter is the money of peasants; but debt is the money of slaves” …(and CBDCs will be the money of serfs).

Franz is a born-again subscriber to Biblical prophecy in a way I’m not (although I’ve detailed my freakish synchronicities going back over 30 years around two particular passages in the book of Revelations, and my recurring involvements in digital payment systems that eventually brought me to Bitcoin).

His book serves as a good refresher course that enumerates how the dynastic elites who control the monetary systems have been leveraging its Cantillon Effects to hoover up the lions share of the wealth and power for generations, if not centuries. Further, that the idea of weaponizing and metering resource usage to effectively transfer all property to them has been in-play since at least the Club of Rome, “Limits to Growth” days.

It is, to cite Franz, quoting Carol Quigley:

“nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole” 

Lately it has been getting harder for me not to believe that there was some kind of all encompassing conspiracy to Woke-ify society and turn us into largely subservient, complaint digital serfs.

But I remain firm in my conviction that the people and factions collaborating in this conspiracy and who may have held concentrated, outsized power in the past, but are less powerful than you might think now. As the internal contradictions of fiat money and unsustainability of the debt super-cycle begin to assert themselves in earnest, we’re headed for an historic disruption to the power structure. “Authority will be re-contextualized”, if we were to use one of those benign-sounding WEF euphemisms that means, in practical terms, a total collapse of the incumbent systems and institutions.

Again, COVID did more damage to such a conspiracy than anything else. I’ve said it many times: the pandemic and the attempt to pull the next 20 years of creeping authoritarianism into 18 months backfired big time. “Too much, Too soon”. A Hegelian Dialectic turned back on itself, hilarity ensues.

Stay real, stack sats and connect with those doing the same. Our time is coming.

*  *  *

My next ebook is The CBDC Survival Guide and I’m sending it free to Bombthrower subscribers when it’s done (early June). In the meantime, subscribe now and get The Crypto Capitalist Manifesto while you wait. Follow me on Nostr, or Twitter

Tyler Durden Mon, 06/12/2023 - 09:05

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Key shipping company files for Chapter 11 bankruptcy

The Illinois-based general freight trucking company filed for Chapter 11 bankruptcy to reorganize.

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The U.S. trucking industry has had a difficult beginning of the year for 2024 with several logistics companies filing for bankruptcy to seek either a Chapter 7 liquidation or Chapter 11 reorganization.

The Covid-19 pandemic caused a lot of supply chain issues for logistics companies and also created a shortage of truck drivers as many left the business for other occupations. Shipping companies, in the meantime, have had extreme difficulty recruiting new drivers for thousands of unfilled jobs.

Related: Tesla rival’s filing reveals Chapter 11 bankruptcy is possible

Freight forwarder company Boateng Logistics joined a growing list of shipping companies that permanently shuttered their businesses as the firm on Feb. 22 filed for Chapter 7 bankruptcy with plans to liquidate.

The Carlsbad, Calif., logistics company filed its petition in the U.S. Bankruptcy Court for the Southern District of California listing assets up to $50,000 and and $1 million to $10 million in liabilities. Court papers said it owed millions of dollars in liabilities to trucking, logistics and factoring companies. The company filed bankruptcy before any creditors could take legal action.

Lawsuits force companies to liquidate in bankruptcy

Lawsuits, however, can force companies to file bankruptcy, which was the case for J.J. & Sons Logistics of Clint, Texas, which on Jan. 22 filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the Western District of Texas. The company filed bankruptcy four days before the scheduled start of a trial for a wrongful death lawsuit filed by the family of a former company truck driver who had died from drowning in 2016.

California-based logistics company Wise Choice Trans Corp. shut down operations and filed for Chapter 7 liquidation on Jan. 4 in the U.S. Bankruptcy Court for the Northern District of California, listing $1 million to $10 million in assets and liabilities.

The Hayward, Calif., third-party logistics company, founded in 2009, provided final mile, less-than-truckload and full truckload services, as well as warehouse and fulfillment services in the San Francisco Bay Area.

The Chapter 7 filing also implemented an automatic stay against all legal proceedings, as the company listed its involvement in four legal actions that were ongoing or concluded. Court papers reportedly did not list amounts for damages.

In some cases, debtors don't have to take a drastic action, such as a liquidation, and can instead file a Chapter 11 reorganization.

Truck shipping products.

Shutterstock

Nationwide Cargo seeks to reorganize its business

Nationwide Cargo Inc., a general freight trucking company that also hauls fresh produce and meat, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Illinois with plans to reorganize its business.

The East Dundee, Ill., shipping company listed $1 million to $10 million in assets and $10 million to $50 million in liabilities in its petition and said funds will not be available to pay unsecured creditors. The company operates with 183 trucks and 171 drivers, FreightWaves reported.

Nationwide Cargo's three largest secured creditors in the petition were Equify Financial LLC (owed about $3.5 million,) Commercial Credit Group (owed about $1.8 million) and Continental Bank NA (owed about $676,000.)

The shipping company reported gross revenue of about $34 million in 2022 and about $40 million in 2023.  From Jan. 1 until its petition date, the company generated $9.3 million in gross revenue.

Related: Veteran fund manager picks favorite stocks for 2024

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Key shipping company files Chapter 11 bankruptcy

The Illinois-based general freight trucking company filed for Chapter 11 bankruptcy to reorganize.

Published

on

The U.S. trucking industry has had a difficult beginning of the year for 2024 with several logistics companies filing for bankruptcy to seek either a Chapter 7 liquidation or Chapter 11 reorganization.

The Covid-19 pandemic caused a lot of supply chain issues for logistics companies and also created a shortage of truck drivers as many left the business for other occupations. Shipping companies, in the meantime, have had extreme difficulty recruiting new drivers for thousands of unfilled jobs.

Related: Tesla rival’s filing reveals Chapter 11 bankruptcy is possible

Freight forwarder company Boateng Logistics joined a growing list of shipping companies that permanently shuttered their businesses as the firm on Feb. 22 filed for Chapter 7 bankruptcy with plans to liquidate.

The Carlsbad, Calif., logistics company filed its petition in the U.S. Bankruptcy Court for the Southern District of California listing assets up to $50,000 and and $1 million to $10 million in liabilities. Court papers said it owed millions of dollars in liabilities to trucking, logistics and factoring companies. The company filed bankruptcy before any creditors could take legal action.

Lawsuits force companies to liquidate in bankruptcy

Lawsuits, however, can force companies to file bankruptcy, which was the case for J.J. & Sons Logistics of Clint, Texas, which on Jan. 22 filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the Western District of Texas. The company filed bankruptcy four days before the scheduled start of a trial for a wrongful death lawsuit filed by the family of a former company truck driver who had died from drowning in 2016.

California-based logistics company Wise Choice Trans Corp. shut down operations and filed for Chapter 7 liquidation on Jan. 4 in the U.S. Bankruptcy Court for the Northern District of California, listing $1 million to $10 million in assets and liabilities.

The Hayward, Calif., third-party logistics company, founded in 2009, provided final mile, less-than-truckload and full truckload services, as well as warehouse and fulfillment services in the San Francisco Bay Area.

The Chapter 7 filing also implemented an automatic stay against all legal proceedings, as the company listed its involvement in four legal actions that were ongoing or concluded. Court papers reportedly did not list amounts for damages.

In some cases, debtors don't have to take a drastic action, such as a liquidation, and can instead file a Chapter 11 reorganization.

Truck shipping products.

Shutterstock

Nationwide Cargo seeks to reorganize its business

Nationwide Cargo Inc., a general freight trucking company that also hauls fresh produce and meat, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Illinois with plans to reorganize its business.

The East Dundee, Ill., shipping company listed $1 million to $10 million in assets and $10 million to $50 million in liabilities in its petition and said funds will not be available to pay unsecured creditors. The company operates with 183 trucks and 171 drivers, FreightWaves reported.

Nationwide Cargo's three largest secured creditors in the petition were Equify Financial LLC (owed about $3.5 million,) Commercial Credit Group (owed about $1.8 million) and Continental Bank NA (owed about $676,000.)

The shipping company reported gross revenue of about $34 million in 2022 and about $40 million in 2023.  From Jan. 1 until its petition date, the company generated $9.3 million in gross revenue.

Related: Veteran fund manager picks favorite stocks for 2024

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Tight inventory and frustrated buyers challenge agents in Virginia

With inventory a little more than half of what it was pre-pandemic, agents are struggling to find homes for clients in Virginia.

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No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers.

“I think people are getting used to the interest rates where they are now, but there is just a huge lack of inventory,” said Chelsea Newcomb, a RE/MAX Realty Specialists agent based in Charlottesville. “I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% interest rate — it’s just a little bit harder to find something.”

Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research, have caused her clients to be pickier when selecting a home.

“When rates and prices were lower, people were more willing to compromise,” Newcomb said.

Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.

“The thing that really stands out, especially compared to two years ago, is the lack of quality listings,” Tiller said. “The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.”

Statewide, Virginia had a 90-day average of 8,068 active single-family listings as of March 8, 2024, down from 14,471 single-family listings in early March 2020 at the onset of the COVID-19 pandemic, according to Altos Research. That represents a decrease of 44%.

Virginia-Inventory-Line-Chart-Virginia-90-day-Single-Family

In Newcomb’s base metro area of Charlottesville, there were an average of only 277 active single-family listings during the same recent 90-day period, compared to 892 at the onset of the pandemic. In Wise County, there were only 56 listings.

Due to the demand from move-up buyers in Tiller’s area, the average days on market for homes with a median price of roughly $190,000 was just 17 days as of early March 2024.

“For the right home, which is rare to find right now, we are still seeing multiple offers,” Tiller said. “The demand is the same right now as it was during the heart of the pandemic.”

According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

“Depending on where you are in the area, your listing could have 15 offers in two days,” the agent for Iron Valley Real Estate Hampton Roads | Virginia Beach said. “It has been crazy competition for most of Virginia Beach, and Norfolk is pretty hot too, especially for anything under $400,000.”

According to Altos Research, the Virginia Beach-Norfolk-Newport News housing market had a seven-day average Market Action Index score of 52.44 as of March 14, making it the seventh hottest housing market in the country. Altos considers any Market Action Index score above 30 to be indicative of a seller’s market.

Virginia-Beach-Metro-Area-Market-Action-Index-Line-Chart-Virginia-Beach-Norfolk-Newport-News-VA-NC-90-day-Single-Family

Further up the coastline on the vacation destination of Chincoteague Island, Long & Foster agent Meghan O. Clarkson is also seeing a decent amount of competition despite higher prices and interest rates.

“People are taking their time to actually come see things now instead of buying site unseen, and occasionally we see some seller concessions, but the traffic and the demand is still there; you might just work a little longer with people because we don’t have anything for sale,” Clarkson said.

“I’m busy and constantly have appointments, but the underlying frenzy from the height of the pandemic has gone away, but I think it is because we have just gotten used to it.”

While much of the demand that Clarkson’s market faces is for vacation homes and from retirees looking for a scenic spot to retire, a large portion of the demand in Salway’s market comes from military personnel and civilians working under government contracts.

“We have over a dozen military bases here, plus a bunch of shipyards, so the closer you get to all of those bases, the easier it is to sell a home and the faster the sale happens,” Salway said.

Due to this, Salway said that existing-home inventory typically does not come on the market unless an employment contract ends or the owner is reassigned to a different base, which is currently contributing to the tight inventory situation in his market.

Things are a bit different for Tiller and Newcomb, who are seeing a decent number of buyers from other, more expensive parts of the state.

“One of the crazy things about Louisa and Goochland, which are kind of like suburbs on the western side of Richmond, is that they are growing like crazy,” Newcomb said. “A lot of people are coming in from Northern Virginia because they can work remotely now.”

With a Market Action Index score of 50, it is easy to see why people are leaving the Washington-Arlington-Alexandria market for the Charlottesville market, which has an index score of 41.

In addition, the 90-day average median list price in Charlottesville is $585,000 compared to $729,900 in the D.C. area, which Newcomb said is also luring many Virginia homebuyers to move further south.

Median-Price-D.C.-vs.-Charlottesville-Line-Chart-90-day-Single-Family

“They are very accustomed to higher prices, so they are super impressed with the prices we offer here in the central Virginia area,” Newcomb said.

For local buyers, Newcomb said this means they are frequently being outbid or outpriced.

“A couple who is local to the area and has been here their whole life, they are just now starting to get their mind wrapped around the fact that you can’t get a house for $200,000 anymore,” Newcomb said.

As the year heads closer to spring, triggering the start of the prime homebuying season, agents in Virginia feel optimistic about the market.

“We are seeing seasonal trends like we did up through 2019,” Clarkson said. “The market kind of soft launched around President’s Day and it is still building, but I expect it to pick right back up and be in full swing by Easter like it always used to.”

But while they are confident in demand, questions still remain about whether there will be enough inventory to support even more homebuyers entering the market.

“I have a lot of buyers starting to come off the sidelines, but in my office, I also have a lot of people who are going to list their house in the next two to three weeks now that the weather is starting to break,” Newcomb said. “I think we are going to have a good spring and summer.”

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