Luxury Real Estate Prices Dip In New York City As Asia Drives Global Gains, Nasdaq Closes Week at Record High as Nvidia and the AI Trade Rallies On, Is It Better to Rent or ...
Luxury Real Estate Prices Dip In New York City As Asia Drives Global Gains
Prime property prices, defined as the top 5% of the market, fell more than 2% in New York and London in the first quarter compared to the same period a year ago, while in Manila, Tokyo and Mumbai, luxury home prices surged, gaining 27%, 13% and 12%, respectively. Miami was up 7% and San Francisco up 2%.
Nasdaq Closes Week at Record High as Nvidia and the AI Trade Rallies On
U.S. stock indexes climbed last week regaining some lost ground following a weak session on Wall Street after inflation concerns rekindled monetary policy caution ahead of the long weekend.
The tech-heavy Nasdaq, lead by NVDA jumping to over $1,000/share ended a 5th straight weekly advance.