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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
Owning a home has always been an American dream, but data tells us a different story for the future of homebuyers in our economy.
According to the Federal Reserve Bank of Atlanta, the Home Ownership Affordability Monitor (HOAM) index reveals some news: home affordability is in the dumps again. The index measures how well a median-income household can cover the annual costs of owning a median-priced home, and the results aren't pretty.
If you're dreaming of home ownership, brace yourself. Higher home prices and increased interest rates mean have impacted many people’s intentions of owning a home.
There are several factors impacting our affordability:
Housing Starts: Housing starts (AKA new homes being built) have, for a long time, not been able to meet demand. From Business Insider, "This year, the construction industry is short about 500,000 workers".
Mortgage Rates: The federal reserves' rate hikes that ended in July of last year have increased borrowing costs for consumers. Mortgage rates have skyrocketed in part because of their action.
Wages: Slow wage growth coupled with sticky inflation has been a root cause in our housing affordability. Since 2020, nominal wages in the U.S. have risen 13.6% vs 30% for median home prices.
The bottom line?
It's not all doom and gloom! It's important to understand how our economy is navigating this trend in real estate. By staying informed on these insights, you can make smarter decisions, approaching the housing market more wisely.