What’s causing the surge in new home sales? Emily Peck of Axios Markets looks at the developments that are driving sales. • The Misery Index is falling precipitously. It could affect the upcoming elections, as economic correspondent Neil Irwin explains. • You can avoid causing family strife with your estate plan. Schwab’s Austin Jarvis, JD, discusses 5 estate planning myths and misconceptions that can lead to costly delays, higher taxes, and family friction.

Housing Market Bounces Back — The number of new home sales rose for the third month in a row in May, up 12.2% from April — and up 20% over last year, per government data out Tuesday. A separate report from Case-Shiller showed home prices also rose for the third straight month in April. Read more…

The Misery Index Is Falling Fast — While inflation is still uncomfortably high, the overall “misery index” — created by adding together the unemployment rate and inflation — has fallen precipitously over the last year.  Here’s how it may affect the 2024 elections. Read more…

5 High-Net Worth Estate Planning Myths And Misconceptions —  As net worth grows, so can estate planning complexity for high net-worth families and individuals. The director of the Schwab Center for Financial Research discusses how to simplify the process. Read more…

 

John R. Day, Bill Ennis, and Matt Heller

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