Left in Meltdown as the Trump Effect Drives Markets Higher
CNN and mainstream media are still focused on fabricating the “Russian Scandal” the Left are reeling as Trump proves to be a winner on Wall St and in the property markets.
The Dow Jones Industrial Average, the principal measure of the US stock market, crossed the 22,000-point milestone on Wednesday morning, for the first time in its history. It had broken the 20,000-point mark in January.
The index went up 43 points at the opening, reportedly thanks to Apple Inc. posting unexpectedly good quarterly results on Tuesday. Apple stock went up nearly 6 percent in pre-market trading.
Dow hit the 21,000-point mark in early March, then took five months to hit the current milestone. The shares that have had the biggest impact on the average were those of Boeing (380.29 points), McDonald’s (171.14 points) and UnitedHealth Group (166.35 points), according to CNBC.
Real Estate Markets Love Trump
The Q2 2017 U.S. Home Sales Report, which shows that homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain since Q2 2007.
The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007.
The report also shows that homeowners who sold in the second quarter had owned an average of 8.05 years, up from 7.85 years in the previous quarter and up from 7.59 years in Q2 2016 to the longest average homeownership tenure as far back as data is available, Q1 2000.
“Potential home sellers in today’s market are caught in a Catch-22. While it’s the most profitable time to sell in a decade, it’s also extremely difficult to find another home to purchase, which is helping to keep homeowners in their homes longer before selling,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.