Text size The four largest technology companies are now worth almost as much as the next 19 largest companies listed in the United States together. Tomohiro Ohsumi / Getty Images Mega-capitalization technology companies are growing again. On another strong day for the general market on Monday, the shares were led …
Read More »Pending home sales had a historic rebound in May, meaning the worst may have already come for the property market
The counts: After two consecutive months of decline, the pending home sales index soared 44.3% in May compared to April, the National Association of Realtors said on Monday. The monthly increase was the largest since the National Association of Real Estate Agents began the index in January 2001. “This has …
Read More »New home sales increased in May as buyers scrambled to find properties to buy.
The numbers: Sales of newly built single-family homes occurred at a seasonally adjusted annual rate of 676,000 in May, the government reported Tuesday. That represented a 16.6% increase from the revised downward pace of 580,000 in April. Compared to the previous year, new home sales increased 12.7% in May. Analysts …
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