Finance's personal finance focus show, helping you think about your money holistically and comprehensively.
So if nothing happens in terms of new legislation with taxes, we are going to go back to what the tax laws were, were for individuals that is of what it was in 2016.Now, the big picture here is is that Trump is talking about more tax cuts specifically that he wants to make the individual tax cuts permanent from back in 2017.He said that he does not want to tax tips from those who work in service industries.
If you will, what is, what is the signal and, and what are some of the larger items that could roll off that reframe that household, uh, financial balance if you will? There's a real reluctance to commit to big discretionary purchases as more Americans are piling on credit card debt. There's around 50,000 products and growing that we have in our catalog and that accounts to around $280 billion worth of goods in us households.
We, we want to get something out there and we believe we did get something out there that customers love and that customers love to use. And while the A I fueled rally has pushed broader markets to new heights this year, let's not forget about some of the other that could enhance your portfolio here with more is Jeremiah Buckley, who is the Janice Henderson Investors, portfolio manager.I mean, there's been so much crowding into the tech trade, especially within the theme of generative A I.So uh one example would be health care.
Yeah, so the market has certainly been more aggressive and so the two sectors that you name are are certainly more defensive sectors. You, you also mentioned travel a moment ago, one of my favorite sectors to talk about here and continue to track when you look across what the difficulties are for maintaining margins right now.
Um We think those are better business models than the airlines, but obviously the airlines are an important aspect of making sure that we have enough supply.Um As far as the airlines, I think we're seeing differentiated results between the domestic focused airlines as well as the global airlines.Uh I think we're back to a normal trend line in the US.
Um So there are some steps you can take first is to review your bill, do your due diligence, make sure everything is making sense, contact that hospital, see if you can come up with some type of payment plan or good faith payment so that it does not hit your credit report. The drop in sales activity also leading to an uptick in available inventory, which means more homes are sitting on the market.We wanna just get your broad read here on what we're seeing in the housing market, considering some of the moves that we're now tracking both week over week on the mortgage rate side and then month, over month on the sales side as well.This higher for longer interest rate environment is weighing on potential buyers.
So this kind of longer uh time frame of high interest rates is really starting to take a toll on the housing market.It, it's, it's a great question because uh we were expecting interest rates to be lower by the second half of this year.So we do expect one rate cut in December, which will help bring overall mortgage rates to perhaps around 6.5 by the end of the year.But unfortunately, those days are behind us barring any sort of crisis or anything that would require rates to go back down.
But they've been really benefiting from the tight supply in the resale market by being able to build homes, offer mortgage rate buy down instead of the 7% in the market, they might offer something like six or 5.5. But of course, as mortgage rates come down, more sellers will start to, you know, re-enter the market.So if mortgage rates come down, people feel less, uh, constricted by that lock in effect, uh, we will have more of that balance where newly built homes could be more of that share of the market, let's say 20% rather than the 35 or so we've seen lately, the World Trade Organization, the WTO as you know, them in your hood kicked off its 40th Geneva Week on Tuesday.