Filtering through this weeks headlines...

Top Headlines: Delivered by Advisory | Leonard Steinberg

November 11, 2025

01  Natural gas prices are over 50% higher than a year ago...and 2015: remember when we were told natural gas was better - and cheaper - than electricity for cooking? They forgot to mention that natural gas drives about 43% of electricity....and the tech sector is in need of that electricity and has the money to pay for it! (your money, perhaps?) The US also exports over 10% of its natural gas production.... Natural gas production grew over 13.5% between 2019 and 2024.

02  Keep going. Even on the quiet days, you’re still moving forward.

03  This Week Surf Report:

North County is looking mellow this week with mostly 2–3 ft surf and occasional slightly larger sets by mid-week. Expect the cleanest conditions early in the mornings before the onshore winds pick up mid-day. A mix of small NW and SSW swells keeps things playful, with a little bump in size toward the end of the week. Water temps are sitting in the mid-60s, so a light full suit still feels right. Good week for cruisy sessions, longboards, and just getting in the water.

(Deep Swell)

04  In 2025, the threshold for a luxury home has grown by more than 60% in a decade to $1.3 million, marking the top 10% most expensive homes in the US. The top 5% of homes for sale nationwide start at $2 million, while the top 1% of nationwide start at $5.4 million. Extreme LUXE-flation? Very few people in the US are immune from the “affordability-issue”.

(USA Today)

05  The average rate for a 30-year fixed mortgage in the 5 days ended Oct. 29 was 6.15%.Those taking out adjustable rate mortgages - around 10% of borrowers, up from 6.3% in January - are getting rates around 5.46% for 5-year and 7-year ARMs.

(WSJ)

06  Instagram Reels is now making $50 billion a year. By comparison, the entire US TV ad industry makes $65 billion. So give it a couple years, and Instagram Reels is going to be bigger than the entire ad industry in the US for television.