The KUIK Closing Market Report for Tuesday, May 2:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
36
points
20,950
2:43 PM
S&P500
Up
0.1%
percent
2,391
2.84
Nasdaq Composite
Up
0.1%
percent
6,095
3.76
30 Year Treasury
Down
(3)
basis points
2.98
Annual Yield
CoreLogic reported a nationwide 7.1% gain in house prices in the 12 months ending March. The Pacific Northwest led, with a 12.8% gain for Washington and 9.4% for Oregon. West Virginia and Alaska were the only two states that saw prices drop, with West Virginia down 1.2% and Alaska off 0.8%. Solid growth in jobs, low interest rates, and limited inventory have all helped prop up house prices.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
