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Leading analysts of the real estate market expect the preservation of an acute shortage of affordable homes in the US in the near future, which, in their view, will lead to higher prices, the growth of which will be higher than inflation and wages, Reuters reports. The US real estate market recovered its losses after the financial crisis thanks to a strong labor market that stimulates economic activity and demand for housing. At the same time, the supply remains below the growing demand for homes, making them less affordable. House prices in the past few years have grown by more than 5%, and the average wage growth remained below 3%. Analysts expect that this year the house price index in 20 cities will increase by 5.7%, while the forecast for the growth of labor payment is 2.8%, and inflation - 2.5%.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
On Wednesday, Bursa Malaysia (KLSE) suspended public trading for low-cost carrier AirAsia Group Berhad (AIRA.KL) after an Ernst & Young external auditor gave an opinion about the airline’s ability to continue as a standing concern. “The ...
The Finance Ministry of the United Kingdom worries that the government’s budget deficit this year could reach a record 337 billion pounds as the coronavirus pandemic continues to wreak havoc to the British economy. This development is ...
Indonesia posts larger than expected trade deficit as declining export prices affects trade Indonesia’s trade gap widened sharply in January as falling metal prices weighed on exports. The data was posted on Monday from the country’s ...
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