The median home price in the US is around $419,000, or 44% higher than January 2020, Redfin data shows. The real estate group also said there are 39% fewer total homes for sale compared to pre-pandemic. Freddie Mac estimates that the US housing market faces a shortfall of about 3.8 million units of housing. Loading… Continue reading The housing market is so tight that home prices are 44% higher than before the pandemic
Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
Home prices will fall for a brief period before trending higher, according to Black Knight analyst Andy Walden. That’s because housing stock levels are plunging, recently falling to their lowest level since April 2022. “Even with demand suppressed, I think you’re going to continue to see prices firm up and trend higher,” Walden told CNBC.… Continue reading Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
AI Has Powerful Potential to Make Investing Decisions Easier
In today’s fast-paced financial markets environment, investors face a consistent challenge: how to effectively navigate the risks and uncertainties while generating meaningful returns on their invested capital. However, a watershed moment is upon us as the development of artificial intelligence (AI) has emerged as a game-changer, equipping investors with valuable insights to steer through turbulent… Continue reading AI Has Powerful Potential to Make Investing Decisions Easier
The stock market just signaled that the ongoing rally is broadening and has more room to run
An indicator tied to the NYSE just flashed a bullish signal that suggests more upside ahead, according to Fairlead Strategies.The firm highlighted the recent breakout in the Advance-Decline line as breadth begins to improve.”Expansion in breadth should contribute to the sustainability of the uptrend,” Fairlead Strategies said. Loading Something is loading. Thanks for signing up!… Continue reading The stock market just signaled that the ongoing rally is broadening and has more room to run
China is now importing more Russian oil than ever before – and Europe has almost entirely stopped buying crude from Moscow
China’s crude imports from Russia hit an all-time high of 2.29 million barrels per day in May. Shipments were up 15.3% last month compared to the same time last year. Meanwhile, Europe has slashed Russian oil imports by 90% since the war in Ukraine began. Loading Something is loading. Thanks for signing up! Access your… Continue reading China is now importing more Russian oil than ever before – and Europe has almost entirely stopped buying crude from Moscow
A massive debt wall is about to hit Corporate America, and equity values will be ‘incinerated,’ Chamath Palihapitiya says
A massive debt wall is about to hit Corporate America, Chamath Palihapitiya tweeted. That’s as hundreds of billions worth of debt issued during the pandemic is about to mature. “Expect a bunch of articles about potential corporate bankruptcies starting this fall,” he wrote. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading A massive debt wall is about to hit Corporate America, and equity values will be ‘incinerated,’ Chamath Palihapitiya says
A collapse in used car prices could help drive inflation below the Fed’s 2% target rate
A decline in used car prices should help drive inflation lower, according to Fundstrat’s Tom Lee.The Manheim used car price index fell 3.2% in the first two weeks of June and is down 9.4% year over year.”Manheim price index shows completely opposite trend of CPI used cars [prices],” Lee said. Loading Something is loading. Thanks… Continue reading A collapse in used car prices could help drive inflation below the Fed’s 2% target rate
The housing market isn’t recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says
The housing market isn’t recovering yet, and home sales will notch a new low, Pantheon Macroeconomics said. That’s due to high mortgage rates, which have continued to shut out buyers and sellers from the market. Experts don’t expect the cost of borrowing to ease meaningfully anytime soon, postponing a recovery in housing. Loading Something is… Continue reading The housing market isn’t recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says
Recent Post
