Thursday, August 21, 2025

Investors Believe We're In a Stock Market Bubble

Fri, 08 January 2021  |  stock market investing 

A new study from E*TRADE indicates an increasingly bullish investor mindset despite volatility and recession concerns, and two-thirds believing the stock market is in bubble territory.

“Investors see that unprecedented fiscal stimulus, the Fed’s easy monetary policy, the vaccine rollout, and relatively healthy earnings are all positives for the market,” said Mike Loewengart, Managing Director of Investment Strategy at E*TRADE Financial. “Yet at the same time there is awareness that some, if not all, of these factors may already be priced in, and market corrections are a ma... Read More

Consumer Confidence in Housing Falls Again as COVID-19 Pandemic Surges

Fri, 08 January 2021  |  housing 

Consumer confidence in housing fell in December despite record low mortgage rates. The Fannie Mae Home Purchase Sentiment Index^® (HPSI) fell for the second straight month in December to 74.0, a 6.0 point decline from November. Five of the six HPSI components decreased month over month, and consumers reported a substantially more pessimistic view of homebuying and home-selling conditions, which drove the relatively large monthly change. Year over year, Read More

Lack of Financial Knowledge Cost Americans $415 Billion in 2020

Thu, 07 January 2021  |  financial literacy 

In a recent survey of U.S. adults, the National Financial Educators Council (NFEC) asked a single question: "During the past year (2020), about how much money do you think you lost because you lacked knowledge about personal finances?" On average, the respondents estimated their lack of money management knowledge had cost them $1,634 over the course of the year, or a total of $415 billion for the U.S. as a whole.

The 2020 data ($1,634 per adult) is a sharp increase from 2018 ($1,230) and 2019 ($1,279) surveys. The total cost for the adult population in 2019 (240 million) was $... Read More

Number of Homes for Sale Hits an All-Time Low

Thu, 07 January 2021  |  housing 

The number of homes for sale in the U.S. reached an all-time low in December, dipping below 700,000 for the first time as buyers remained active throughout the holiday season, according to realtor.com®'s Monthly Housing Trends Report released today. Due to unusually strong demand, home prices were up double digits compared to last year, however, the median listing price came down to $340,000 from a summer high of $350,000.

"The shortage of homes for sale has been an ongoing issue for the last couple of years, but in December the combination of the holiday inventory slowdown and... Read More

Ownership More Affordable Than Renting In Nearly Two Thirds Of U.S. Housing Markets

Thu, 07 January 2021  |  housing interest rates 

Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties according to the new 2021 Rental Affordability Report from ATTOM Data Solutions. That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation.

Home ownership is more affordable in almost two-thirds of the country following a year when the impact of declining interest rates helped counteract h... Read More

Private Sector Employment Decreased by 123,000 Jobs in December

Wed, 06 January 2021  |  employment small business 

Private sector employment decreased by 123,000 jobs from November to December according to the December ADP National Employment Report®. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

Job losses were concentrated in large businesses with 1,000+ employees which lost an estimated 169,000 employees. Businesses with fewer than 1,000 employees generally reported pos... Read More

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