US Home Prices, based on S&P Global’s Case-Shiller data, fell 0.52% MoM in October (the latest data available released this morning), slightly better than the 1.1% drop expected. This slowed the YoY growth 8.64% from 10.4% YoY…
Newsfeed: US Home Prices Tumbled For 4th Straight Month In October Read More »
Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC) central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years Read More »
The stock market has long been the go-to choice for people looking to invest their money. But that could be about to change as a younger generation enters the scene.
It might seem like a rather odd move for the Bank for International Settlements (BIS) to make after Bitcoin has lost around 60% of its value in only six months, but the globalist institution is now allowing member banks to hold 1% of their reserves in the cryptocurrency (around $1.8 trillion total).
Newsfeed: BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin Read More »
The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.
Newsfeed: A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs Read More »
Tesla Inc. CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) last month advising followers to own “physical things” when inflation is high.
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a Twitter thread on Monday advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.
President Joe Biden signed an executive order on Wednesday mobilizing the federal government to create a strategy for digital assets like cryptocurrencies that promotes innovation in the industry while minimizing risks to Americans and the global financial system.
Cryptocurrency and the blockchain technology behind it have the potential to revolutionize real estate investing. And considering the 2nd largest U.S. mortgage lender recently announced they’ll begin accepting payments in Bitcoin, it’s clear that crypto is quickly moving mainstream and making its way to Main Street. So how can you incorporate it into your investing
Podcast: How Cryptocurrency, Blockchain and Real Estate are Converging Read More »