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[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets started Thursday’s session flat. Bank Nifty was down in the red. [ad_2] Source link

[ad_1] If you added up the impact that HousingWire’s Vanguard winners have had on the industry, you’d likely have a comprehensive list of the initiatives that have moved markets forward. These are the leaders who have dreamt, shaped and molded a better way to execute the home-buying journey. From injecting technology into the mortgage process to redefining the real estate agent and home shopper relationship, these leaders have laid the foundations for millions of homeowners. HousingWire sat down with three of these leaders: James O’Bryon, RE/MAX Gold Nation CEO, Cathleen Schreiner Gates, SimpleNexus CEO, and Phil Shoemaker, Homepoint president of originations, to learn more about the housing trends they’re closely watching, what they think will define 2022 and what they hope people remember them for when they retire.  Brena Nath: First off, congrats on being named a 2021 Vanguard. Who would you want to thank for helping you get where you are today? Cathleen Schreiner Gates: I have to go with two people. The first one is Jonathan Corr, who was the executive that hired me at Ellie Mae and brought me into the mortgage business. He had a technology background similar to mine, and he saw in my background what he felt was needed at Ellie Mae. That just kind of got me into the space, and you know the old adage, “Once you’re in the space, you never leave the space.” So, giving me the opportunity to lead and empowering me to do the things I knew we needed to do to grow as a company, that’s really what I think was the springboard for me to be where I am today. And then the second one would be Ben Miller and Matt Hansen, the co-founders of SimpleNexus, along with John Aslanian, who I had worked with at Ellie Mae for years. John said, “She can help us. Let’s talk to her. She can help us grow.” And I met them and was sold immediately. So having the opportunity I’m in today is clearly due to the co-founders of SimpleNexus. Brena Nath What’s one accomplishment in your career that you’re really proud of? Cathleen Schreiner Gates: Right now, I’d really have to list the work that I did at Ellie Mae to drive the incredible growth when I was there. When I joined, they had just IPO-ed earlier that year. They had closed the year in the low $50 million range, and over six or so years, we got it to half a billion in revenue, completely organizing ourselves for growth. So, I’m pretty proud of that because it allowed me to use everything I’d ever done or learned in my entire career. I got to apply it and see the results. Along with that, the most satisfying things are always helping leaders grow and mature into becoming leaders they want to be and giving them the empowerment to make the changes that they’re so skilled to make. Brena Nath: How are you helping move markets forward? Cathleen Schreiner Gates: You know, I’m tech biased. I’ve always believed that technology for technology’s sake is useless. But if you use technology as an enabler to disrupt and move an industry forward, that’s super powerful. So, I always look at how technology can actually change the game in a market, allow the stronger players in that market to be even stronger if they adopt and apply technology solutions in the right ways. So, I always look at that first. There are three sides to the triangle. So, I look at the technology enablement, and then, I look at the talent mix. And if you’ve got the right talent and the right technology, the third one would be the right sort of processes, looking at the way you’re going to operate. Those are a pretty killer trifecta. So, I look at everything through those three lenses. Brena Nath: What are two trends in the mortgage and real estate industry that you’re closely watching? Cathleen Schreiner Gates: I would say there’s a convergence going on of two markets that have historically been separate verticals but sort of collide in positive ways and that’s the real estate market and the mortgage market. I think those markets are converging because to the borrower, they want a seamless journey from their point of thought. Like, maybe I’m going to buy a house and then start looking through the real-estate alternatives and then need to flow straight into their mortgage process. Historically, these have been two separate plays that are now coming together and integrating and weaving together into a seamless borrower experience. And guess what the enabler for that is? Technology. I think the other thing is just the speed with which the manufacture of a mortgage is happening. There will be a point in time where the mortgage will happen before you can organize for the movers to come move your stuff. So, I’m looking at all the different emerging technologies and these small companies that are playing with a piece of the process and automating it just a little bit more, bringing intelligence to it a little bit more, taking eyeballs off of things that automation can help with. I think that’s the other significant trend — investments in technology to speed up and take cost out of the process. The convergence of a lot of these. Those are the trends we’re looking a lot at. Brena Nath: The past two years have been filled with a lot of uncertainty; what factors do you think will define 2022? Cathleen Schreiner Gates: I think everyone’s talking about this to be honest and the reason is it’s real. The lenders out there have to compete for the borrower more than they’ve ever had to do. We have this massive bubble of borrowers coming into the market, and a lot of these homeowners coming into the market are what I call digital natives. They grew up in a digital world and so some of the

[ad_1] The post Webull Fractional Shares Review — Your Favorite Stocks for As Little As $5 appeared first on Millennial Money. Webull is a popular trading app that until recently was missing one thing. It wouldn’t let its users invest in fractional shares, but as you’ll see in this Webull fractional shares review, that has changed! Fractional shares are one of the best ways to put every dollar to work. They let you invest in stocks you might not otherwise be able to afford. Now that Webull offers fractional share investing, it’s time to take another look at the investing app. In this new review, you’ll learn about fractional trading and how you can start doing it in your Webull account. Webull Overall Rating 8.8 Bottom Line Webull is a self-directed investment app. Webull has a zero-commission structure, fractional shares, attractive sign-up incentives, robust trading tools, and sleek user-friendly design. Pros Affordable trading Easy to access Dividends for fractional shares Paper trading Cons No fractional share transfers Too complex for new investors Market order only You can’t enter dollar amounts for fractional orders Affordable 9.0 Ease of use 7.0 Diverse funds 9.5 Mobile app 9.5 or, skip straight to the section on how to sign up for Webull What Are Fractional Shares? First things first. Let’s define fractional shares. A fractional share is a portion of a stock that’s less than one full share. That means you can spend less than the price of one share. This comes in super-handy when you want to buy a stock like, say, Chipotle, which currently costs more than $1,800 per share. Who’s got the money for that? But if you wanted to buy just $10 worth of Chipotle, you could do so with a fractional share. That would give you a way to profit from your favorite burrito chain for the price of an entree and drink. Fractional Ownership Pros and Cons Now that you have a better idea of what fractional shares are, let’s take a look at the pros and cons of buying slivers of stocks. h3 class=”h3″> Pros Access high-growth stocks Putting money into fractional shares lets you buy into high-quality stocks that cost a lot of money.  To illustrate, Amazon is currently trading at $3,478.05 per share — a pretty steep price for the average investor. But if you have $5 or $10 laying around and a brokerage account that supports fractional trading, it’s possible to buy a fraction of an Amazon share.  Invest more money  If you’re like most people, you probably have some spare change sitting around in your brokerage account. For example, you might have $100 to invest, decide to buy four stocks that cost $23.50 a share, and have $6 left.  Instead of letting the money sit in your brokerage’s money market fund, you can use the money to buy a fractional share and possibly achieve higher growth (assuming you make a wise investment, that is).   Cons You might not receive a dividend Some brokers will keep your dividend if you buy a small fraction of a share. Be sure to check the fine print with your broker before buying anything so you don’t wind up missing out on potential payments.  You could lose money As a disclaimer, the stock market is volatile. There’s no guarantee that any stock will increase in value after investing in it. On the contrary, it could plummet in value, causing you to lose your money. Always research a stock before investing, using technical indicators to determine where a company may be heading. As a general rule, doing your due diligence and investing in a company you believe in is way better than picking stocks on a whim. Your broker might not offer fractional trading Not all brokers allow customers to trade fractional shares. If you’re interested in fractional shares, check with your broker to make sure they provide this type of service. Otherwise, you might have to open a new account with a different provider. Looking for a broker that sells fractional shares? Webull could be a good choice. It’s one of the more popular brokers that offer fractional shares. Read on in our Webull review to determine whether it makes sense to open an account on the platform.  What Is Webull? Webull is a self-directed investment app. The company is a member of the Financial Industry Regulatory Authority (FINRA) and is registered with the Securities Exchange Commission (SEC). Webull is also a member of the Securities Investor Protection Corp. (SIPC), NASDAQ, the New York Stock Exchange (NYSE), and Cboe EDGX Inc. (CBOE EDGX). What does Webull offer? Here are some of the top features Webull offers.  Taxable brokerage accounts and IRAs Webull provides taxable brokerage accounts for short- to medium-term trading. In addition, the company offers retirement accounts such as Roth IRAs, traditional IRAs, and rollover IRAs. According to Webull, more IRA programs are in development, so be sure to check back and see what they’re planning. Webull lets you trade stocks, options, and exchange-traded funds (ETFs) in taxable accounts and IRAs. However, you can’t trade spreads in Webull’s IRA accounts. No commissions and no management fees Webull offers zero-commission trading for fractional shares. You can invest with as little as $5 without worrying about a company taking a slice of your cash. Additionally, the company doesn’t have any account minimums, minimum deposits, inactivity fees, or account management fees.  As my long-time readers know, I’m not a big fan of fees. To me, Webull is rather appealing in this area. Diverse funds Webull provides a pretty diverse selection of investment opportunities. With that in mind, here’s a breakdown of the various trades that you can make within the Webull app. U.S. market stocks: Access thousands of stocks from U.S. companies. If you want to buy individual shares of publicly traded corporations, Webull can make it happen. Cryptocurrency: Looking to dip your toes in crypto trading? Webull allows you to invest in digital currencies, like Ethereum, Bitcoin, Litecoin, and

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[ad_1] China's Kaisa offers bondholders option to exchange existing bonds with new bonds [ad_2] Source link

[ad_1] India has made air bubble or temporary flight arrangements between countries aiming to restore commercial passenger services with regular international flights suspended due to the Covid-19 pandemic. [ad_2] Source link

[ad_1] Today the Census Bureau new home sales report came in as a miss of estimates at 745,000. In addition, revisions were all negative and the monthly supply of new homes rose. In contrast to the existing home sales market, which I would say is outperforming currently with the recent growth in sales, the new home sales market is just OK and has been for some time. Given that, why has the builder’s confidence index risen so much in recent months? The recent spike in the monthly supply of new homes is not what the builders want to see, no matter what anyone tells you: that is their lifeline for their confidence. I wrote here about why the builder’s confidence has risen recently and why housing permits are doing fine. For this Thanksgiving, the builders are thankful that the monthly supply of new homes has just stabilized from the recent sharp rise. From Census: The seasonally‐adjusted estimate of new houses for sale at the end of October was 389,000. This represents a supply of 6.3 months at the current sales rate. My rule of thumb for anticipating builder behavior is based on the three-month average of supply: When supply is 4.3 months and below, this is an excellent market for the builders. When supply is 4.4 to 6.4 months, this is an OK market for the builders. They will build as long as new home sales are growing. When supply is 6.5 months and above, the builders will pull back on construction. Currently, the headline number is at 6.3 months and the three-month average is basically at 6.3 months. It’s just an OK marketplace, nothing too exciting is going on here on the economic front. However, we are not that far from me raising a red flag on the new home sector as I did in 2018. As long as new home sales can grow, it will be an OK marketplace. From Census: Sales of new single‐family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 0.4 percent (±21.1 percent)* above the revised September rate of 742,000, but is 23.1 percent (±15.1 percent) below the October 2020 estimate of 969,000. As you can see below, the stabilization of sales and monthly supply is evident, as new home sales have stabilized as well. For housing, I have stayed true to my bond yield mortgage rate call of the summer of 2020. For housing to slow, it needs mortgage rates above 3.75% and the 10-year yield to break 1.94%, which wasn’t part of my 2021 forecast. I’m now doing a weekly podcast called The Rundown with HousingWire’s Editor in Chief Sarah Wheeler and in this week’s episode, I make the case for why I believe mortgage rates may get below 3% again rather than a sustained period over 4% in 2022. One of the biggest concerns I had with housing in 2021 was not that home prices were going to collapse as the forbearance crash bros were promoting on their terrible YouTube, Twitter, Facebook, and Clubhouse chats. It was that home prices could take off in an unhealthy way. That’s exactly what happened in the existing home sales market and the same happened for the new home sales market. In this scenario, builders can’t help themselves: when monthly supply breaks over 4.3 months, they will pad their margins without real consideration of the long-term consequences of having great pricing power. However, even they knew they flew too close to the sun recently. From Census: The median sales price of new houses sold in October 2021 was $407,700.  The average sales price was $477,800.  This is also why I still will never believe in a construction boom premise here in America.I explained my take here. When rates rise, the builders are at a disadvantage versus the existing home sales market, which is a bigger marketplace with cheaper older homes. We already see the difference between the two sectors clearly as new home sales are just OK and the existing home sales market is outperforming. Speaking of which, I don’t understand why some of you were worried about a second-half housing crashing or about how the entire housing market is held up by investors. It’s such a crazy anti-intellectual discussion, but housing does bring the crazies out of the cave. Purchase application data has gotten noticeably better in the last 12 weeks, this is your big reason why home sales have picked up and will end 2021 higher than 2020. Builders remember 2018 very well because while 5% mortgage rates didn’t really impact the existing home sales total inventory levels much, it created a supply shock for the builders. Their stocks were down over 30% and one builder even said it was the worst fourth quarter since the great financial crisis. They know higher rates give them a disadvantage and total sales levels are not working from a low bar anymore as they did from 2008-2019. However, they’re not super hot either — slow and steady wins this race. I can see why the builders are thankful this Thanksgiving and why their confidence has perked up a bit. Despite the drama over delays in construction, closing times, labor and the cost of materials, the stabilization of the monthly new home supply data has made the difference. All these things would usually be making the builders act like the Grinch and have holiday blues, overeating. However, they have shown a bit of perkiness lately. Hopefully, my explanation with monthly supply can make some sense of this. As someone who always noted the weakest housing recovery from 2008-2019, the monthly supply data line was always my go-to data line source, so I am just sticking to my own model for housing. Everyone enjoy your Thanksgiving and make sure to tell the people you love that you love them. A lot of Americans have

[ad_1] Whoa! This is a HOT deal on HP Laptops! HSN currently has this two-pack of HP Stream 14″ Laptops on sale for just $549.99 shipped — so just $274.99 each! If you purchased these two laptops separately, you’d pay over $1300, so this is a CRAZY good deal! Hurry!! Choose from four color combos at this price. Looking for more Black Friday Deals? You can go here for all of the best online Black Friday Deals that are already live! Also, be sure to sign up for our Hot Deals newsletter, follow us on Facebook, and follow us on Instagram so that you don’t miss out on any of the hottest, time-sensitive deals as soon as they go live throughout the rest of the holiday season! [ad_2] Source link

[ad_1] RBNZ Governor Orr signals cautious policy approach with small steps [ad_2] Source link