
👋 Happy Sunday,
Today’s edition brings together the key housing, economy, and policy signals that shaped conversations across the week.
Alongside the headlines, we’ve included a Light Sunday Insight, a brief reflection on how these developments are quietly influencing housing choices, sentiment, and market behavior on the ground.
Thank you for reading and staying with us. We hope this edition offers perspective, not noise, as you ease into the week ahead.
Last Time the Market Was This Expensive, Investors Waited 14 Years to Break Even
In 1999, the S&P 500 peaked. Then it took 14 years to gradually recover by 2013.
Today? Goldman Sachs sounds crazy forecasting 3% returns for 2024 to 2034.
But we’re currently seeing the highest price for the S&P 500 compared to earnings since the dot-com boom.
So, maybe that’s why they’re not alone; Vanguard projects about 5%.
In fact, now just about everything seems priced near all time highs. Equities, gold, crypto, etc.
But billionaires have long diversified a slice of their portfolios with one asset class that is poised to rebound.
It’s post war and contemporary art.
Sounds crazy, but over 70,000 investors have followed suit since 2019—with Masterworks.
You can invest in shares of artworks featuring Banksy, Basquiat, Picasso, and more.
24 exits later, results speak for themselves: net annualized returns like 14.6%, 17.6%, and 17.8%.*
My subscribers can skip the waitlist.
*Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
Most Read News of the week
FX MARKET SNAPSHOT TODAY
USD > NGN | 1,470.26 | Up by 0.41% |
GDP > NGN | 1,967.15 | Up by 0.02% |
EUR > NGN | 1,705.75 | Down by 0.01% |
CAD > NGN | 1,056.02 | Up by 0.01% |
🌤️ A Light Sunday Insight
In many Nigerian cities, the idea of “moving fast” is losing its appeal. What more residents want now is predictability.
People are paying closer attention to how often power is restored, how roads hold up during rain, how secure a neighbourhood feels at night, and whether daily routines run without constant improvisation. These factors rarely feature in glossy listings, yet they shape everyday life far more than proximity or prestige.
The change is gradual but noticeable. Buyers and renters are no longer asking only how quickly they can get somewhere. They are asking how consistently life works once they arrive.
Sunday takeaway: In a more uncertain economy, stability is becoming a housing feature of its own. Neighbourhoods that feel reliable, even if unremarkable, are quietly gaining value.
Quote of the day:
“Momentum comes from consistency, not intensity.”
HAVE A GREAT DAY 😃
Produced by: Amarachi Okeke
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