Mon, 22 February 2021 | investing demographics
A new study of self-directed investors found major shifts in retail investing strategies influenced by the Covid-19 pandemic. According to the study, "Making Money in Mercurial Markets," 70% of investors said they changed their strategy as a direct result of the Covid-19 pandemic, with 19% reporting they changed it "significantly." A sizeable majority (67%) of investors said they mostly see opportunity in market volatility - 54% described volatility as "mostly opportunity, some risk" and 13% saw "all opportunity."
According to the research, 68% of investors increased their stock h... Read More
Mon, 22 February 2021 | investing demographics
The recent GameStop stock saga raised many questions about modern trading and put a spotlight on the young investors who drove the Reddit rebellion. To find out more about who these young stock rockers are and what drives their investment decisions, MagnifyMoney surveyed more than 1,500 Gen Zers and millennials in late January.
MagnifyMoney found that almost 6 in 10 Gen Z and millennial investors (age 40 and younger) are members of investment communities or forums, such as Reddit, and nearly half have turned to social media in the past month for investing research.
Key ... Read More
Wed, 17 February 2021 | real estate
Despite record low inventory, January home sales posted a 13.5% increase over a year ago. That followed four consecutive months of year-over-year sales increases of 19% to 22% on the heels of pandemic lockdowns.
January's year-over-year increase in homes sold represented a sizable gain from the year before and was in line with the pre-COVID months of December 2019 (13.5%) and January 2020 (10.5%).
"January home sales started the year off with a bang despite the current shortage of homes for sale," said Adam Contos, CEO of RE/MAX Holdings, Inc. "January's year-over-ye... Read More
Fri, 12 February 2021 | real estate pandemic
The COVID-19 pandemic continues to be a key factor in the real estate market, driving both prices and speed of sales according to a new report from Redfin, a read estate brokerage. In it's latest report covering the four-week period through February 7th, Redfin found that asking prices of newly listed homes hit a new all-time high of $334,770, up 10% from the same time a year ago, and pending home sales were up 29% year over year.
The pandemic real estate market is further compounded by a severe lack of inventory. New listings of homes for sale were down 11% from a year earlie... Read More
Fri, 12 February 2021 | pandemic saving retirement
As Valentine's Day approaches, the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors, looked at how parents with a partner or spouse have managed their financial decisions amid a year of disruptions. The survey found that more parents value a helping hand from their spouse when it comes to money. Over four out of five coupled parents (82%) say their spouse is helpful when it comes to financial decision-making, up 7 percentage points from last year.
More have opened lines of communication, with over half of parents who share investing... Read More
Tue, 09 February 2021 | mortgage housing
A new report from CoreLogic indicates that despite the pandemic, mortgage delinquency in November reached the lowest level since March. On a national level, 5.9% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which represents a 2-percentage point increase in the overall delinquency rate compared to November 2019, when it was 3.9%. This is the lowest overall delinquency rate since an initial jump in April 2020.
To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages o... Read More
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