| The KUIK Market Update for Monday, November 24: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 0.2 | points | 17,810 | 8:09 AM | ||
| S&P500 | Up | 0.2% | percent | 2,067 | 3.99 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,738 | 25.41 | ||
| 30 Year Treasury | Up | 0.50 | Basis Points | 3.03 | Annual Yield | ||
| Markit reports that its U.S. business outlook survey showed only 31% of executives saw growing activity for the next 12 months in October. That’s down from 51% when they were surveyed in June, for the lowest reading since the survey started in 2009. A global survey conducted by Markit saw 28% expecting higher activity, down from 39% in June, to mark a five-year low. Optimism in the eurozone was the weakest since June 2013, and Russian confidence fell to a survey low. In the U.S., both hiring and investment intentions hit new lows. | |||||||
| The vacancy rate for apartment rentals is expected to head higher in a year, but conditions in the U.S. will still be considered a “landlord’s market,” according to the National Association of Realtors. This quarter’s 4% vacancy rate for apartment rentals is likely to rise to 4.3% by the end of 2015. When rates are below 5%, landlords can typically raise rent. Rent growth is expected to hit about 3.9% in 2015 and 3.5% in 2016, compared with 4% this year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-global-business-confidence-slumps-2014-11-23 | |||||||
| http://www.marketwatch.com/story/a-landlords-market-expected-for-2015-2016-nar-2014-11-24 | |||||||
| For today’s Market Update Report click to listen-> | |||||||