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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
June's home sales took a big hit, dropping 5.4%. What does this mean for the housing market? As a college student, the only home I’m buying is in Monopoly, but these trends are worth watching.
Data released from the National Association of Realtors (NAR) found that home sales fell by 5.4% in June compared to May. This is the slowest sales pace since December. Inventory levels rose to 1.32 million units, a 23.4% increase from last year, representing a 4.1-month supply.
Despite the increase in supply, the median price of an existing home sold in June jumped to $426,900, an all-time high and a 4.1% increase from the previous year 👀
We're seeing (in real-time) a shift towards a buyer’s market. Homes are now sitting on the market for an average of 22 days, up from 18 days a year ago. Sellers are getting fewer offers, and more buyers are sitting out for rates to decrease.
Also, recent changes in our 30-year fixed mortgage rates have had a huge affect on home sales. Mortgage rates had substantial fluctuations over the past year, peaking in October 2023 before declining to 7.1%. Despite our short recovery, rates are staying high, impacting home affordability and deterring potential buyers.
While the overall market is cooling, the median home price continues to rise, driven by stronger sales in the higher-end market. Sales of homes priced over $1 million saw gains, whereas the $250,000 and lower range experienced the most significant drop in sales. Interestingly, there has been a 50% surge in listings for homes priced between $200,000 to $350,000, reflecting a growing inventory in the lower-priced segment.
The mix of rising inventory and falling sales is reshaping the housing market. How do you think these trends could affect homebuyers and sellers?