The Lowry Letter®

Week of 7/27/2023

It’s hard to believe that kids all over the country are heading back to school soon. Florida’s sales tax holiday for school supplies is currently ongoing, ending August 6^th. Don’t miss out on the savings! Eligible items are found here.

As you know, we send reminders for periodic reviews by mail. If you prefer to receive these reminders electronically, please advise our office.

We’ve seen a few new movies: We loved Oppenheimer and Mission Impossible 7. We’ve heard great things about Barbie. Millie Lowry can provide her review after she sees it this week. Oppenheimer isn’t for the kids.

Many people may not know that Oppenheimer spent the last years of his life in a sort of exile on the island of St. John. We hope to visit that beach someday.

The shift toward more work-from-home employment has led to a significant boost in golfing.

According to this anecdote, it is less expensive to fly from Brazil to the United States to purchase a MacBook than to stay there and place the order. This is due to high government fees and taxes on technology.

This New York Times column (subscribers only) argues that hybrid cars are more beneficial than electric cars, at least using current technology and resources.

Q: What’s happening in the housing market?

A: The initial interest rate-led weakness in housing prices is over. According to the S&P/Case-Shiller U.S. National Home Price Index, housing prices were up in May, with a decline of only 0.5% over the past year.

High mortgage rates are keeping supplies low, giving support to prices. A drop in rates could help add supply, but wouldn’t necessarily lead to price drop as it would stimulate demand.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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