Closing Market Report 1/30/2018

The KUIK Closing Market Report for Tuesday, January 30:

Markets had a big down day.

Index

Direction

Change

Units

Index

Time

Change

Dow

Down

                  (363)

points

        26,077

2:41 PM

S&P500

Down

-1.1%

percent

          2,822

Nasdaq Composite

Down

-0.9%

percent

         7,402

      (3.89)

30 Year Treasury

Up

                      4

Basis Points

           2.98

Annual Yield

The Census Bureau reports the homeownership rate in the fourth quarter of 2017 jumped to 64.2%. It hit an all-time high of 69.1% in 2004 as the housing bubble inflated but hit a low 62.9% in 2016. It was the fourth quarter in a row in which the growth in the number of new owner households outpaced the number of new renter households. There were 1.52 million more owner households compared to a year earlier, and 76,000 fewer renter households

For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK.

www.marketwatch.com/story/homeownership-rate-reaches-three-year-high-as-rebound-from-crisis-gathers-pace-2018-01-30

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