Source: National Association of Realtors Existing home prices climbed in nearly all markets in the second quarter, with median sales prices up by double-digit in the majority of the markets. The median sales price of single-family existing homes jumped 22.9% to $357,900 from $66,800 in 2020.Increases were recorded in all but one of the 183 measured markets, equivalent to … [Read more...] about Home Prices Up Double-Digit in the Second Quarter. Hikes Seen in Most Markets
Forex News
GBPTRY Analysis: Turkish Lira Rebounds on Strong Monthly Retail Sales
The British pound fell after the construction output for June 2021 dropped 1.3% (MoM). UK’s industrial production for June 2021 rose 8.3% (YoY), below the previous record of 20.7%.Turkey’s retail sales for June 2021 soared 14.4% from the previous month's decline at 5.5%. The GBPTRY declined 1.11% as of 7:30 am GMT on August 12, 2021, from the previous day's … [Read more...] about GBPTRY Analysis: Turkish Lira Rebounds on Strong Monthly Retail Sales
American Unemployment Claims Fall to Four-Week Low of 375,000
Source: US Labor Department American jobless claims fell for the third straight week to mark the lowest level in a month. DXY is up 0.05%. Gold is down 0.20%. Seasonal adjusted initial claims for the week ending August 7 fell 12,000 to 375,000. This is the lowest since July 10’s 368,000.The previous week’s level was revised upward by 2,000 to 387,000.The four-week moving … [Read more...] about American Unemployment Claims Fall to Four-Week Low of 375,000
Producer Prices Climb 7.8% in July to Hit Record High
Source: Bureau of Labor Statistics Producer prices growth posted a record-high in July, driven mainly by the increase in prices for final demand services during the period. The Producer Price Index for final demand grew 7.8% in July, the highest on record since data calculation started in November 2010.The latest reading compares with 7.3% in June and -0.3% in July … [Read more...] about Producer Prices Climb 7.8% in July to Hit Record High
UK Economy Rebounds 4.8% as Indoor Hospitality, Non-Essential Retail Reopen
Source: Office for National Statistics The UK economy rebounded in the second quarter, driven mainly by the growth in services and hospitality as quarantine restrictions were eased during the period. The gross domestic product expanded by 4.8% in the second quarter. This compares with -1.6% in the first quarter, and -19.5% in the same quarter last year.The latest reading … [Read more...] about UK Economy Rebounds 4.8% as Indoor Hospitality, Non-Essential Retail Reopen
