Tag: economic

Market Outlook – Realtor.com Economic Research

Housing Market Recovery Index Highlights – Week Ending December 5

  • The ‘housing demand’ component – which tracks growth in online home searches – increased to 124.0, up 1.1 points over last week.
  • The ‘price growth’ component — which tracks movement to asking prices nationwide – increased to 109.9 points, also well above the January baseline, and up 0.4 points over the prior week. 
  • The overall realtor.com Housing Market Recovery Index decreased to 110.4 nationwide for the week ending December 5th,  down 2.2 points over the prior week. 

Download the full Housing Market Recovery Index dataset here

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Dow closes more than 300 points lower amid fears virus resurgence could slow down economic recovery

Stocks fell on Thursday as an increasing number of U.S. coronavirus cases raised concerns over the health of the economy heading into year-end.

The Dow Jones Industrial Average dropped 317.46 points, or 1.1%, to 29,080.17. The 30-stock average fell as much as 495 points earlier in the session. The S&P 500 slid 1.0%, or 35.65 points, to 3,537.01, while the Nasdaq Composite dropped 0.7%, or 76.84 points, to 11,709.59.

Thursday’s decline left the S&P 500 just 0.8% above its Friday closing level of 3,509.44, giving back most of the gains from the vaccine rally earlier this week.

The major averages

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