The KUIK Market Update for Monday, February 15:
Markets are closed in honor of Presidents Day, but here are some of the stories we’re following.
The Nikkei closed up 7.2% at 16022.58, making up most of its 11% loss last week. That was its biggest weekly percentage drop since October 2008. China shares fell slightly. Chinese markets were closed last week in honor of the Lunar new year. The Shanghai Composite ended down 0.6% at 2746.20 after falling nearly 3% intraday.
In luxury real estate, love is cheap and sex sells. An analysis of about 1.6 million home listings found that lower-priced homes were most likely to have the word “love” in property descriptions, while homes priced in the millions of dollars were most likely to have “sexy” and “seductive” in the descriptions.Realtor.com looked at homes for sale as of Feb. 1 to look for terms of endearment used by real-estate agents when listing the properties. Then it calculated the median asking price of homes described with mushy words. Listings with the word “romance” had a median asking price of $820,000. “Seductive” homes listed for a median $640,000, and “sexy” properties were $620,000.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/asian-markets-rise-but-brace-for-possible-china-volatility-2016-02-14
http://www.marketwatch.com/story/luxury-homes-bet-on-sex-appeal-to-sell-2016-02-15?link=MW_latest_news
For today’s Market Update Report click to listen->