Here’s Why a Rally in Real Estate ETFs is Likely Ahead

The U.S. homebuilding sector is on fire. Thanks to extremely low mortgage rates, home sales are upbeat. But higher demand for home buying as well as lack of labor and land has boosted home prices. The median home sale price rose 15% year over year to $320,625 — the highest on record, according to a new report from the technology-powered real estate brokerage Redfin. The largest increase ever recorded in the Case-Shiller national home price index (which goes back through 1988) was 14.5% in September 2005.

Inside the Details of Rising Home Prices

In the week ending Oct 4, home prices shot up 16% from the same week a year earlier. Since the four-week period ending Jul 5, home prices have grown 6.8%. On the contrary, over that same period in 2018 and 2019, prices dropped an average of 4.4%. During the four-week period ending Oct 4, the median asking

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Trump resumes campaign with Florida rally 10 days after COVID-19 disclosure

WASHINGTON (Reuters) – President Donald Trump will try to put his bout with COVID-19 behind him when he returns to the campaign trail on Monday, beginning a three-week sprint to the Nov. 3 U.S. election with a rally in the battleground state of Florida.

FILE PHOTO: U.S. President Donald Trump takes off his face mask as he comes out on a White House balcony to speak to supporters gathered on the South Lawn for a campaign rally that the White House is calling a “peaceful protest” in Washington, U.S., October 10, 2020. REUTERS/Tom Brenner

The event at an airport in Sanford, Florida, will be Trump’s first campaign rally since he disclosed on Oct. 2 that he tested positive for COVID-19. Trump, who spent three nights in the hospital for treatment, said on Sunday he had fully recovered and was no longer infectious, but did not say directly whether he had

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Oil gains after biggest one-day rally in five months as presidential homecoming lifts sentiment


  • Oil prices extended gains on Tuesday after Monday’s “presidential homecoming” triggered a big rally and lifted investor sentiment alongside worker strikes in Norway and a hurricane in the US.
  • Brent crude leapt 6% to $41.5 a barrel and US benchmark West Texas Intermediate jumped 6.3% to $39.5 on Monday, recovering the lion’s share of the heavy losses late last week.
  • A worker strike in Norway’s oil and gas industry and the start of evacuations in the Gulf of Mexico ahead of the expected Hurricane Delta helped lift prices on Tuesday.
  • However, an OANDA analyst warned that betting on Brent’s rise to $44, or WTI near $42, would be a “painful trade.”
  • Visit Business Insider’s homepage for more stories.

Oil prices extended gains on Tuesday, following Monday’s explosive rally that followed President Donald Trump leaving the Walter Reed National Military Centre to return to the

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