Cheap mortgages are forcing millions of U.S. homeowners to stay put. That is becoming a problem well beyond the property market. Costlier mortgages have pushed residential values higher. The value of the median existing home rose to a record $419,300 nationwide. Before the pandemic, it was $270,000, a 55% jump in 5 years. (Read More)
Strong Showing From Stock Market in First Half of 2024
The stock market has booked a 15% return at the halfway mark this year. This is among the top-seven best starts in the last 35 years, with the S&P 500 setting more than 30 new record highs year-to-date. I
n the 11 years in which stocks were up 10% or more at the end of June, the average full-year return went on to be 29%. (Read More)
