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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
For the first time since COVID hit, homes are selling below asking price. Yep, no more insane bidding wars. Let's break down what this means for the market.
Homes are selling for less than asking price. Last year, homes sold at list price; two years ago, they sold for 2% over. This shift is a big deal, and buyers are gaining leverage.
New listings are up 8.2% and pending sales are down 4.3%. This suggests more options for buyers and less competition. With 32.3% of homes selling below asking and almost 7% of sellers dropping prices, it's clear buyers have some power back.
The Market Freeze. The median days on market increased by 4 days to 31 days, showing that the housing market is in a bit of a freeze due to higher mortgage rates.
'Higher for Longer' Mortgage Rates. Mortgage rates near 7% are pushing monthly payments to $2,785. High rates mean higher monthly costs, which makes buyers think twice before pulling the trigger. Sellers are feeling the heat as high rates lock them into their current homes, making the market less fluid
Higher Home Prices. Median home prices have risen 4.9% year-over-year to $397,250, making affordability a major issue. Buyers are becoming more selective, waiting for better deals, which adds pressure on sellers to drop prices.
Buyers Are Interested but Hesitant. The Redfin Homebuyer Demand Index is up 5% from last month but down 14% year-over-year. Home touring is also up 27% since January, showing people are curious but not necessarily ready to buy. It’s like window shopping – lots of looking, not much buying.
Buyers and sellers are both feeling the pressure. More homes selling below list price and more price drops mean the market’s cooling off, finally giving buyers a break.