The U.S. housing market’s half-million dollar club is growing, with more cities than ever posting average home prices above $500,000.
Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation.
China’s property sector could be turning around, but red-hot growth may be a thing of the past
The tide may be turning on China’s battered real estate market. Investor confidence in the sector appears to be improving, as bond trading volumes and prices rose in recent weeks, in part boosted by the government’s promise to support the sector and some loosening of policies.