An ominous Election Day arrives, Zillow and Zumper cite some slowing in the sales and rental markets, and Millionacres reviews the year in housing sales and boldly looks ahead.
Election Day Is Here. Be Careful Out There
Major Retailers Are Bracing for Postelection Riots: What Investors Need to Know
Nordstrom (NYSE: JWN) and Macy's (NYSE: M) are among those announcing plans ahead of what could be the tumultuous culmination of a particularly rancorous election cycle.
Why it matters: Millionacres' Maurie Backman points out that the last thing retailers big and small need right now is more problems staying open while a pandemic rages.
Celeb-Packed Apartments Get Armed Guards for Election Day
For $7,800 a month, you can get a two-bedroom place in this Manhattan building, and for now, armed guards on the watch for election unrest.
Why it matters: In less-tense times, this Page Six piece would be kind of fun, but for now, let's just be calm, carry on, and be safe.
Also in Today's News
Zillow Says Housing Market Showing Signs of Seasonal Cooling
The listing and sales service says newly pending sales actually fell a bit week over week last week after a six-month acceleration of year-over-year list price that has left prices at 11.7% above 2019.
Why it matters: Not much of a market slump here. Zillow (NASDAQ: Z) (NASDAQ: ZG) says buyers are quickly buying up what few homes are left on the market and that sale growth instead is being muted by a growing shortage of inventory.
Zumper: Record-Breaking Yearly Rent Decreases in Multiple Markets
Some of the most expensive markets in the country are showing dramatic yearly decreases in the price tag for renting an apartment, led by San Francisco with a drop of 20.7% for the median price of a one-bedroom unit.
Why it matters: The Zumper National Rent Report parses data from more than a million listings in the top 100 markets. Landlords big and small should be alert to these trends as they price and market their own properties.
Also on Millionacres
Year in Review: Home Prices and the Housing Market
The housing market has gone wild in the past several months as interest rates plummeted, prices soared, and demand has brought back the bidding war in many markets. What's next?
Why it matters: Millionacres' Maurie Backman provides this look behind and ahead and provides some guideposts for investors wondering what to make of all this as they consider their next moves.