As Bloomberg notes, apartment prices in Manhattan are at record levels. Q1 Mean and median prices are up 15% and 22% y/y respectively. Drilling into the detail a little further, the median price for 3+ bedroom apartments skyrocketed to $4.0mm, a whopping 30% y/y.
Readers, I just received the March traffic report for this here blog. We set an all-time record, by a long shot. Thank you!
By EconMatters
Winter is blasting the Northeast in April. Three snowstorms back to back to hit the Northeast, it appears winter is lasting longer than usual for this part of the country. Natural gas futures have spiked, HO Futures haven`t moved much yet.
https://www.youtube.com/watch?v=TM6LnQRzOJI
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Silver Is Coiled Spring and Will “Explode Higher”
In 60 years, the US economy has not suffered a 16-month continuous YoY drop in Factory orders without being in recession. Moments ago the Department of Commerce confirmed that this is precisely what the US economy did, when factory orders not only dropped for the 16th consecutive month Y/Y, after declining 1.7% from last month...
... but at $454 billion for the headline number, this was the lowest print since the summer of 2011.
Market reaction: stocks rebound on the news and are now well in the green.