On CNBC, Shiller said the pandemic has called into question the supposed benefits of city life, such as restaurants and museums, and that suburban housing could well be a better investment going forward. He also said housing is just one asset that is "highly priced," along with stocks and bonds, citing the greater uncertainty from the spike in unemployment and sudden onset of the online-working era.
According to CoreLogic, which along with S&P maintains the Core-Shiller index, national home prices in May increased by 4.8% compared to May 2019 and 0.7% compared to the month before. CoreLogic attributed these increases to the strong pre-pandemic market and the pent-up buyer demand that flooded the market at the end of spring and beginning of summer.
However, CoreLogic said, the reality of a long-lived recession sinking in among homebuyers along with a spike in reported coronavirus cases, and it predicted that June data will show a 0.1% month-over-month price decline, and accelerating after that. By next May,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I would concur
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US weekly jobless claims hit 1.3 million, slightly exceeding economist forecasts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SouthAfrica lost 3million jobs.... with 20% of the USA population. Nice work ANC communistic socialistic gobbledygook policies. Soon China won't want to touch us, best thing ever.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Food commodity prices at risk of 'market shock' falls: FAO/OECDAmple supply and a knock to consumption in the event of a global recession threaten to produce a 'market shock' as food prices tumble, the U.N.'s food agency and the OECD said in a report published on Thursday. What he did? this picture sucks. (what is depicted, not the shot composition, which is excellent.) The reason why am sharing this is to help others who are ready to invest their money I started investing in BITCOIN AND FOREX TRADING with $1000 and since then I have been earning $24,000 monthly anyone who is interested should contact jamesalvinbtc he is the one trading for me
Source: Reuters - 🏆 2. / 97 Read more »
Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »
2021 Ford Bronco guide: trims, packages, specs, options, price - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The original one.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Orange County rules to reopen K-12 schools in the fall - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Smart PaulZeise Kids need to be kids 💪 This will take the OC down a couple of pegs
Source: BusinessInsider - 🏆 729. / 51 Read more »