San Diego County median home price is $650,000 for third straight month
The median home price in San Diego County stayed at $650,000 in November.
(K.C. Alfred / The San Diego Union-Tribune)
The median home price is up 9.3 percent in a year.
San Diego County’s median home price in November was $650,000 for the third consecutive month.
The fact that the price didn’t go up is notable in San Diego County, where there have been substantial gains throughout the coronavirus pandemic, increasing nearly 6 percent month-to-month at one point this past summer.
The median, which includes condominiums, resale single-family homes and newly built homes, is up 9.3 percent in a year, according to CoreLogic data provided by DQNews. The median is the point at which half the homes sold for more and half for less.
Fed s vaccine optimism weighs on soaring unemployment claims and drop in November retail sales.
James Knightley, ING s Chief International Economist piles hope on heavy savings and cash ammunition to fuel positive outlook for 2021.
Fed s growing dovish stance bets rally in the emerging markets and currencies. MSCI s Index for EMs peaks to its highest levels after over two years as the risk on US dollar weakens with near to zero interest rates. The Federal Reserve Chairman Jerome Powell s accommodative stance comes ahead of the path to economic revival.
Emerging Markets to Boom?
Fed s near-zero interest rates coupled with weakening dollar can nurse the developing economies to recovery amid the virus turmoil. Geoff Dennis, Emerging Markets Commentator believes that the EM assets will continue to outperform as US Dollar dips. Dennis anticipates, Emerging Markets like China, Taiwan, Korea are expected to outperform due to greater cyclical trades. The relief on interest rates heal
Bitcoin Price Prediction: BTC Should Be Worth $400,000, Guggenheim CIO Says
KEY POINTS
The firm began investing in Bitcoin when it was around $20,000
Bitcoin just blazed past $23,000
Bitcoin could be worth $400,000 based on multiple factors, including scarcity and increased demand, said Scott Minerd, chief investment officer of Guggenheim Investments.
Bitcoin closed above $21,000 Wednesday.
In an interview with Bloomberg, Minerd surprised the hosts with his price projection. Our fundamental work shows that Bitcoin should be worth around $400,000, he said.
When asked as to how he came up with such a valuation, he pointed to the scarcity of Bitcoin and the cryptocurrency s relation to gold as a percentage of the GDP.