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  • Seattle-based Zillow, Redfin post losses after housing market slowdown
    Real Estate News

    Seattle-based Zillow, Redfin post losses after housing market slowdown

    February 19, 2023 /

    Seattle’s genuine estate tech companies are emotion the consequences of the cooling housing market on their bottom lines. Even with cutbacks and layoffs in 2022, calendar year-conclusion earnings experiences from Zillow and Redfin confirmed considerable losses and declines in gross earnings. The benefits reflect the chill that strike the housing market previous yr, as interest premiums shot up and kept a lot of potential homebuyers from buying. Nationwide, the number of house profits dropped 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from 2021 to 2022, according to the National Association of Realtors. The market change was “the situation we experienced feared could happen,” Zillow CEO Prosperous Barton advised investors Wednesday. “Thirty-calendar year property finance loan fascination…

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    Francis McGee Comments Off on Seattle-based Zillow, Redfin post losses after housing market slowdown

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    Homes for Sale in Brooklyn and Manhattan

    Homes for Sale in Brooklyn and Manhattan

    April 14, 2023
    ‘Attainable housing’ planned at Hines’ new Brazoria County community

    ‘Attainable housing’ planned at Hines’ new Brazoria County community

    April 15, 2023
    US real estate has ‘monumental opportunity’ to solve housing crisis in 2023: Expert

    US real estate has ‘monumental opportunity’ to solve housing crisis in 2023: Expert

    January 11, 2023
  • Stocks close mixed, end week with losses
    Finance News

    Stocks close mixed, end week with losses

    February 11, 2023 /

    U.S. shares wobbled Friday, closing a unstable session with combined benefits though all 3 indexes ended the week with losses for the first time this calendar year. The S&P 500 (^GSPC) added .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, recovering losses from earlier in the session. The Dow Jones Industrial Regular (^DJI) ticked up .5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Contracts on the know-how-heavy Nasdaq Composite (^IXIC) slid .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, as the index endured by way of its worst week of 2023. The yield on the benchmark 10-calendar year U.S. Treasury notice ticked up to 3.74{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Friday. The greenback index ticked up .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to trade at $103.40. Crude oil jumped on information that Russia would cut creation, with the US benchmark WTI…

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    Adidas could lose up to $750 million from a Yeezy fire sale

    Adidas could lose up to $750 million from a Yeezy fire sale

    February 12, 2023
    Apple stock in focus as CEO Tim Cook spooks with one phrase

    Apple stock in focus as CEO Tim Cook spooks with one phrase

    February 5, 2023
    Stocks fall as S&P 500 caps worst year since 2008

    Stocks fall as S&P 500 caps worst year since 2008

    January 1, 2023
  • Stocks rise after five days of losses for S&P 500
    Finance News

    Stocks rise after five days of losses for S&P 500

    December 9, 2022 /

    U.S. shares rose Thursday, stymieing this week’s rout throughout equities from stretching into an additional day soon after level jitters and recession chatter hampered a seasonally bullish interval for Wall Road. The S&P 500 (^GSPC) climbed .8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} following five straight times of losses, when the Dow Jones Industrial Normal (^DJI) bounced 180 details, or also about .5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The know-how-concentrated Nasdaq Composite (^IXIC) highly developed 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} after the index had its worst initial 7 days of December considering the fact that 1975, per info from Bespoke Investment Team. In other markets, U.S. Treasuries held continual soon after the 10-year yield slid underneath 3.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to a approximately a few-thirty day period small.…

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    Apple stock in focus as CEO Tim Cook spooks with one phrase

    Apple stock in focus as CEO Tim Cook spooks with one phrase

    February 5, 2023
    Stock futures rise ahead of more earnings, data

    Stock futures rise ahead of more earnings, data

    January 27, 2023
    New retirement withdrawal rule could backfire in costly way

    New retirement withdrawal rule could backfire in costly way

    January 17, 2023
  • Stock market losses wipe out $9 trillion from Americans’ wealth
    Finance News

    Stock market losses wipe out $9 trillion from Americans’ wealth

    September 28, 2022 /

    Falling stock marketplaces have wiped out far more than $9 trillion in prosperity from U.S. homes, putting much more tension on relatives stability sheets and investing. Americans’ holdings of company equities and mutual fund shares fell to $33 trillion at the close of the second quarter, down from $42 trillion at the start out of the yr, according to facts from the Federal Reserve. With key market place indexes slipping even even more since early July, and the bond market incorporating even more losses, market specialists say the latest wealth losses from monetary marketplaces could overall $9.5 trillion to $10 trillion. Economists say the drops could quickly start rippling by…

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    Stocks fall as S&P 500 caps worst year since 2008

    Stocks fall as S&P 500 caps worst year since 2008

    January 1, 2023
    Goldman CEO David Solomon sees only 35{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} chance of soft landing, stocks lower in 2023

    Goldman CEO David Solomon sees only 35{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} chance of soft landing, stocks lower in 2023

    December 7, 2022
    EV giant reports Q4 revenue and profit beat; Cybertruck to begin production later this year

    EV giant reports Q4 revenue and profit beat; Cybertruck to begin production later this year

    January 26, 2023

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