Barron’s (March 6)
“The Nasdaq Composite closed in correction territory as Wall Street sold pretty much everything in response to the Trump administration’s latest tariff rhetoric.” Both the S&P 500 and the Dow also dropped amid a tariff saga that has left investors shaking. “The uncertainty surrounding Trump’s tariff plans have caused headaches for market participants. There are also fears among some economists that policy uncertainty will send sentiment falling further until it triggers a recession.”
Tags: Correction territory, Dow, Economists, Fears, Headaches, Investors, Market participants, Nasdaq, Recession, S&P 500, Sentiment, Sold, Tariff, Trump, Uncertainty, Wall Street
Reuters (September 23)
“China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country,” according to a former official “in a rare public critique of the country’s crisis-hit property market.” Official data shows approximately 7.2 million homes, but that excludes “the numerous residential projects that have already been sold but not yet completed” and speculatively purchased homes that remain vacant. Estimates vary, but “He Keng, a former deputy head of the statistics bureau,” estimates there aren’t enough people to fill China’s available housing inventory.
Tags: 1.4 billion, Apartments, China, Completed, Crisis-hit, Empty, Keng, Official data, Population, Property market, Residential projects, Sold, Speculative, Statistics bureau
Washington Post (September 21)
“The number of previously occupied homes sold in the United States dropped by 21 percent over the past year…. That’s on top of an 18 percent annual decline the year before, indicating the housing market has continued to slow down amid rising interest rates. Meanwhile, prices continued to rise, with the median sales price climbing 3.9 percent from a year ago to reach $407,100.”
Tags: $407, 100, Decline, Homes, Housing market, Rising interest rates, Sales price, Slow, Sold, U.S.
