Good morning. Nvidia shares are down almost 17 per cent since Thursday. This shocking turn of events leaves the chipmaker’s shares up just 2,800 per cent or so over the past five years. Sad! Think Nvidia is a bargain again? Email me: robert.armstrong@ft.com. The last time Unhedged took a look at the US housing market, back in March, we wrote that I’m sorry to report things have, somehow, turned out even worse than we feared.
The index is as low as it has been since 2007, though for different reasons. Then the main barrier to affordability was price; now the main problem is mortgage rates. To be fair, according to the NAR, home price increases are almost all driven by houses priced above $500,000, that is, above the median.
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