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U S Home Sales Set to Be Worth More This Year Than Amazon and Facebook Combined

Mansion Global More than $2.5 trillion in residential deals is forecast in 2021, more than France’s 2020 GDP By V.L. Hendrickson  |  Save U.S. home sales are set to jump 17% in 2021. Getty Images The U.S. residential real estate market is poised to record $2.53 trillion in deals this year, a 17% jump compared to 2020 and the biggest year-over-year increase since 2013, according to a report Tuesday from Redfin. “To put $2.53 trillion into perspective, it’s roughly equal to the value of Amazon.com and Facebook combined, or the 2020 gross domestic product (GDP) of France,” the report said. Demand for homes continues to increase as remote work becomes the norm and people seek more space, both inside and out. About 60% of visitors to the Redfin site think they will work from home at least part time going forward, according to an April survey of people who have moved to a new city in the past year.

04May2021 Market Close: Wall Street Ends Mostly Lower, Manufacturing New Orders Improve, DOW Up 20 Points, Nasdaq Down Sharply 1 9%, WTI Crude Ticks Upwards 65 73, Tech Shares Sell Off

04May2021 Market Close: Wall Street Ends Mostly Lower, Manufacturing New Orders Improve, DOW Up 20 Points, Nasdaq Down Sharply 1 9%, WTI Crude Ticks Upwards 65 73, Tech Shares Sell Off
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Macroeconomic Loophole That Suggests Health Insurance Will Get Cheaper

HEADLINES & GLOBAL NEWS By   (Photo : Macroeconomic Loophole That Suggests Health Insurance Will Get Cheaper) Do a little research into the 2020 pandemic and health insurance, and all you read are people saying that health insurance prices will climb, and how small businesses are going to cancel their health insurance policies. Yet, much of what you read is very reactionary and very short sighted. In truth, if you look at the macroeconomics of things like the oil trade and the global stock market, then the bleak view people are taking is absurd.  Oil Prices Hit a New Low in 2020 The thing about oil is that you cannot just turn off the oil pumps. They keep producing no matter how much demand is present. Countries like Australia took their chance and started buying stockpiles of oil, which helped to stop the descending prices, but still we saw a massive drop in oil prices because the global pandemic and subsequent lockdowns removed the demand. Even now, there are massive stockp

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