Previous close | 9.24 |
Open | 9.24 |
Bid | 10.45 |
Ask | 15.15 |
Strike | 60.00 |
Expiry date | 2023-06-16 |
Day's range | 9.24 - 9.24 |
Contract range | N/A |
Volume | |
Open interest | 136 |
Customers spent less per ticket, down 0.3% for the first quarter.
Homebuilder D.R. Horton said Thursday the spring selling season is off to an "encouraging" start as signs of life continue to appear in the US housing market.
Bank earnings stole a lot of the headlines this week. That means you may have missed these key moments in the markets.
Concerns about recent bank failures have led investors to watch the commercial real estate market. Small banks hold a relatively large share of commercial loans, and consecutive rate hikes by the Fed make it unlikely that those businesses will refinance given the high rate environment. Meanwhile, flexible work arrangements are also lending to declining occupancy rates among many businesses. In an interview with Yahoo Finance's Rachelle Akuffo, Marcus & Millichap CEO Hessam Nadji said, "The hybrid work environment and the reduced footprint in office buildings is a major concern." Nadji says we're currently seeing the worst of the office decline, noting that, "in the next two to five years, you're going to see much more return to the office. It won't be pre-pandemic levels. I think there is a structural and permanent reduction of office space needs." Watch our full conversation with Hessam Nadji here. Key video moments: 00:00:05 The hybrid work environment 00:00:12 Return to the office outlook
A run of housing market data through March showed that while challenges are considerable in the sector, signs are adding up that the market may be turning a corner — or at least bottoming out — in the early part of 2023.
The real estate market is likely to feel a crunch from this year's bank crisis, but the U.S. residential market shouldn't feel the biggest impacts. But that still doesn't mean it's clear sailing for U.S. homebuyers.
Despite 2022 proving to be a difficult home-buying environment, demand still remains high as home prices fell for the seventh straight month in January. Century 21 CEO Michael Miedler told Yahoo Finance Live that there has been a shift in regionality as prospective buyers look for the best deals. "We've seen the south, especially states like Texas and like Florida really being drivers," he says. "Just this last month, it's really been the northeast who's been holding steady and increasing from an overall housing perspective," he continues. Miedler adds that the serious buyers are seeing "a little bit less competition" at current mortgage rates, but the biggest issue he forecasts is inventory. "We're under about three months of inventory when a normal market is about six months," he explains. You can watch Brad Smith and Jared Blikre's full interview with Michael Miedler here. Key Video Moments: 00:00:14 - States driving demand 00:00:35 - Inventory driving issue 00:00:51 - Less competition
Multiple bank failures in the U.S. have so far had no impact on the lending business of one of the country's top homebuilders.
Confidence among U.S. home builders rose in March, the third-straight month we've seen optimism improve among builders as tight inventories and demand for new homes supports the market even amid high interest rates.
Housing costs were the driver of February's inflation report but some private data suggests rents are starting to cool, likely pushing inflation lower in the months ahead.
The housing market's recovery in late 2022 and early 2023 is being called into question with the recent backup in interest rates.
Yahoo Finance's Jared Blikre details the latest homebuilder sentiment data, which sank to its lowest number in a decade.
As the Fed tightens and asset prices come down, some investors may wonder if there is anywhere to hide during a bear market. Specifically, any ETFs, or exchange traded funds.
Goldman Sachs Chief Economist Jan Hatzius asserted that further housing pressure is likely, writing in a new note ominously titled: "Housing Downturn: Further to Fall."
Nobel Prize-winning economist Robert Shiller predicts the housing slowdown is a sign that a recession may be on the way.
Yahoo Finance’s Jared Blikre breaks down how markets opened on Friday.
Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance Live to discuss the June CPI data, inflation, the housing market, and the Fed's interest rate hike cycles.
What to watch in markets on Tuesday, July 12, 2022.
Yahoo Finance's Jared Blikre joins the Live show to break down how stocks are trading as Fed Chair Powell continues to testify before Congress.
Lennar joins a growing list of industry peers in warning that signs of a cooldown in the ultra-hot housing market.
Here's what to watch in the markets on Friday, June 17, 2022.
Yahoo Finance’s Emily McCormick joins the Live show to break down how stocks are moving in midday trading.