The KUIK Closing Market Report for Friday, June 30:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
63
points
21,350
2:33 PM
S&P500
Up
0.2%
percent
2,423
3.71
Nasdaq Composite
Down
-0.1%
percent
6,140
(3.93)
30 Year Treasury
Up
3
basis points
2.84
Annual Yield
Most American homes are worth less now than they were before the 2008 recession, according to Wednesday’s report from real-estate website Trulia. Just 34.2% of homes have returned to the peak levels before the recession., Trulia estimates it could take until 2025 for a true national recovery in home prices. Trulia’s data’s based on actual home sale compared to the earlier peak price for the property. The better-known Case-Shiller index is based on repeat-sales data for the same property to deduce how much prices are rising or falling. That data is then aggregated into a metro-level index and compared with earlier periods.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
