Stanley Druckenmiller says he's ‘licking my wounds’ from selling Nvidia too soon
-Billionaire investor Stanley Druckenmiller told Bloomberg on Wednesday that selling all his Nvidia stock this year was a “big mistake.”
-Nvidia was Druckenmiller's top holding a year ago, but he sold it after the stock tripled in 2023.
-The shares are up another 174% this year, and Druckenmiller has missed much of the continuing rally.
Stanley Druckenmiller is an American billionair...

New home sales ticked up in January, despite a twin burden imposed by elevated mortgage rates and expensive housing prices, according to U.S. Census data released on Monday.
Prior was 664K (revised to 651K)
Sales up +1.5% vs +8.0% prior
Supply at 8.3 months vs 8.3 months prior
Median sale price $420.7K vs $432.1K a year ago
Mortgage-purchase applications fell 10% from a week earlier, data from the Mortgage Bankers Associatio...

- Home prices rose 4.8% nationally in October compared with October 2022, according to the S&P CoreLogic Case-Shiller home price index.
- That’s a jump from the 4% annual increase in September and marks the strongest annual gain seen in 2023.
- Among the top 20 cities, Detroit reported the largest year-over-year gain in home prices at 8.1% in October.
Home prices rose 4.8% nationally in October com...

The new normal for Commercial Real Estate (CRE):
Properties are selling for less than half of what they were worth just 5 years ago.
A downtown Los Angeles office building that sold for $92.5 million in 2018 just sold for $44.7 million.
2 days ago, the Aon Center, Los Angeles' third largest building, sold for 45% less than its last purchase price in 2014.
All as real estate giants like WeWork file bankruptcy and flood the market with supply.
The strength of housing continues to mask the weakness...

Home prices are so high that when combined with current mortgage rates, the required payments are out of reach for most Americans. in some cities, demand remains high in spite of the cost, making some housing markets even more competitive than others.
To determine which are the most competitive housing markets in America, GOBankingRates sourced mean days to pending and for-sale inventory in metro areas across the U.S. from Zillow Re...