2025 housing market predictions show hope (November 2024 - Novanews)
With Thanksgiving approaching, we want to thank you for being part of our community—your support means the world to us. Now, let's see what the world of economy has prepared for us!
HOT NEWS
Wealthy Americans plan to invest in foreign real estate post-election to gain residency abroad.
S&P 500 companies actively discuss elections on their earnings calls—for the first time since 2004.
Election uncertainty slows hiring.
TODAY'S TOPICS
China sees more cautious consumer spending.
2025 housing market predictions show hope.
46 million turkeys are eaten each Thanksgiving.
Warren Buffett keeps selling stocks, piling up record cash.
Everything we know about continents might be wrong.
QUIZ
1. What was served on the very first Thanksgiving instead of turkey?
Ducks, geese, and venison.
Chicken and vegetables.
Various seafood.
2. How many women were at the very first Thanksgiving celebration?
Five
None
One
Twenty
3. What year was the first Thanksgiving celebrated?
1492
1621
1776
1623
REAL ESTATE
Current mortgage rates
30-year – 7.09%
20-year – 6.84%
15-year – 6.49%
10-year – 6.27%
Real estate news
A record number of wealthy Americans plan to invest in foreign real estate post-election. 53% of American millionaires say they're likely to leave the U.S. post-election, no matter the result. Learn more
Housing market predictions for 2025 show a glimmer of hope. Builders are gaining confidence and lowering prices to sell more homes. Despite high prices, the housing market is expected to improve in 2025. Learn more
U.S. ECONOMY
Inflation
Current US inflation rate: 2.44%
Unemployment
Current US unemployment rate: 4.1%
FED rate
Fed funds interest rate: 5%
U.S. economy news
Election uncertainty slows hiring. Many employers are adopting a cautious approach to hiring, waiting for the outcome of the presidential election. Learn more
Executives at major U.S. corporations are actively discussing the presidential election with investors. A recent analysis of S&P 500 earnings calls found that the word "election" was mentioned over 100 times in the last month, a record high since 2004. Learn more
GLOBAL OUTLOOK
China’s Singles Day, the world’s largest shopping festival, shows changes in spending. Shoppers are focusing more on essentials than luxury items. Learn more
India shows factory growth. This improvement was driven by strong demand, both domestically and internationally. As a result, job creation saw a significant rise. Learn more
STOCK EXCHANGE
Stocks recommended by experts
5 top best-performing S&P 500 stocks in November 2024 based on one-year results:
Vistra Corp (VST) – 271.03%
NVIDIA Corp (NVDA) – 221.41%
Palantir Technologies Inc. (PLTR) – 184.08%
KKR & Co. Inc (KKR) — 146.62%
Royal Caribbean Group (RCL) — 140.01%
Stock market news
Berkshire Hathaway's cash reserve exceeded $300 billion as Warren Buffett kept selling stocks. Since Buffet chose to sell off his biggest stock holdings, including Apple and Bank of America, the cash reserve is growing. Learn more
COFFEE BREAK
Fun facts
3 cool facts about Thanksgiving:
Around 46 million turkeys are eaten each Thanksgiving.
Pumpkin pie may be a Thanksgiving staple, but apple pie remains the favorite.
Can you guess how many calories the average person consumes at Thanksgiving dinner? 4,500!
Fun news
How many continents really exist? You might think that there are seven continents. Yet, recent geological discoveries are challenging this view. Some scientists argue that Earth is composed of… just two major continents. Learn more
Investor of the month
Joel Greenblatt
Joel Greenblatt is an American investor famous for his "magic formula" investing strategy, which aims for high returns with low risk. Greenblatt promotes value investing using disciplined, data-driven approaches. Learn more
QUIZ ANSWERS
Ducks, geese, and venison.
Five
1621
CONTENT YOU CAN’T MISS
This month’s recommended book
Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
Traditional economics assumes people are rational, but Richard Thaler says we’re often influenced by biases and emotions. We might overpay for items due to personal attachment or based on first impressions. Thaler’s work blends psychology and economics to help us make better financial decisions.
Housing prices PLUMMET in these markets
Which housing markets are experiencing significant price drops? Discover the latest trends and insights in this video.
I paid $350K for a land and they won't let me build a house there
Imagine buying your dream land only to be told you can’t build on it. Find out what happened next!
