Market News

Facebook’s Bad Day and the Ironic Timing of a Six-Hour Outage

By: Aahoo Pourang On Monday, October 4, Facebook experienced a six-hour outage that extended to Instagram and WhatsApp. While active social media users ran to other apps like Twitter, TikTok, or Snapchat, Facebook not only became the center of all jokes, but the company lost in more ways than one. What was considered the largest …

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What is Evergrande Group and How it Relates to the Recent US Stock Crash?

By: Aahoo Pourang Evergrande Group is one of China’s largest lenders ranging from property to auto. Their assets are equivalent to about $355 billion US dollars, so the group is easily one of the world’s top companies and China’s second-largest property developer. To better understand just how big Evergrande Group is: it employs over 200,000 …

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The State of the Market – July 9th, 2020

Since the Coronavirus pandemic and stay-at-home orders went into full effect with an unforeseen outcome and trends of the virus infecting Californians increasing, buyers and sellers have been kept on the sidelines. Economic activity has been resuming then halting as the state gradually reopens but with necessary precautions. The housing market, understandably, has been lagging …

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Buyers Outnumber Homes for Sale in June 2020

With the first half of 2020 coming to an end, the long-term impact of housing and financial markets is becoming more and more visible. There’s also been an unforeseeable shift in real estate: purchase activity is 13% higher, and buyers seeking a home outnumber the homes listed for sale. The housing market, to many economist’s and Real Estate businesses surprise, has remained resilient even in the midst of a pandemic and a rise in unemployment.