- A recent report by Redfin that analyzed the 4-week period ending September 6 found that the median price of a home in the US saw its largest percentage increase since 2013.
- Rising prices and low inventory have created highly competitive markets for homebuyers, especially first-time homebuyers.
- This increase is the latest in a string of record highs for median house prices since the summer, meaning buying a house may not be a great deal for everyone right now.
- Visit Business Insider’s homepage for more stories.
The typical US house price jumped 13% year-over-year to $319,178 for the four-week period ending September 6, per Redfin. That was the biggest percent jump in seven years, since 2013.
The report, which looked at 434 metro areas, also revealed that active listings were down 28% from the same time last year, meaning tight supply keeps propping prices higher and higher. With rising prices, low
Titan Home Improvement Announces Acquisition of Paradise Home Improvement, and Climbs to #3 Largest Remodeler in US
Billionaire David Shaw Pours Money Into 3 “Strong Buy” Stocks
Are the tides turning on Wall Street? Stocks fell in the past three trading sessions, as investors abandoned the tech heavyweights that have been at the forefront of the market’s remarkable charge forward. What’s behind the sell-off? Sky-high valuations reminiscent of the dot-com era have sparked fears of a tech bubble. To this end, investors are wondering if this pullback is just a correction, or if it is the start of a larger drawdown.In times like these, the legends can offer some guidance. We are referring to the people that transformed the way we play the investing game, namely David Shaw.A former Columbia University computer-science professor, Shaw founded the D. E. Shaw group at a small bookstore in New York City in 1988. Starting out with six employees and $28 million in capital, he pioneered a new investing approach,
Titan Home Improvement Announces Acquisition of Paradise Home Improvement and Climbs to #3 Largest Remodeler in US
“We are thrilled for this new chapter and to be a part of Paradise’s growth under Titan’s ownership. With the resources that Titan has in place, we should be able to significantly grow our market share and provide our excellent service to more customers than ever before,” said Jeffery Becker, General Manager of Paradise.
Mel Feinberg, Chairman of Titan, commented that “we welcome Paradise and its employees to the Titan organization. Joe Schuette [Paradise’s founder and former owner] did an amazing job building a great team and culture here at Paradise, and we look forward to taking the business to the next level over the coming years.”
The acquisition of Paradise will serve to further grow Titan’s broad network of providers. Last month Titan was proud to learn that the “Remodeling 550” List, published by Remodeling Magazine, named Titan the 3rd largest remodeling company in the country
As per data released by the Ministry of Statistics and Programme Implementation, India has recorded a GDP drop of 23.9 per cent, in the period April-June 2020. This is the worst contraction since India started reporting GDP data in 1996.
This has been corroborated by a graph that the International Monetary Fund’s (IMF) chief economist, Gita Gopinath posted on Twitter, which shows that India saw the sharpest contraction among the G-20 nations.
India also saw one of the world’s strictest lockdown imposed in March, which has been extended multiple times since then. These have stalled economic activity and have led to the country’s economy being in the doldrums.
Finance Minister Nirmala Sitharaman had earlier said that such a contraction is the result of an Act of God, inviting much trolling both from outside and within the party. India’s chief economic advisor, K Subramanian, however, has said that the contraction is