Home prices can't go straight up forever. But this probably isn't a bubble

Home prices are climbing at the fastest pace in history, eclipsing even the boom in the days leading up to the Great Recession. Bidding wars have become common, many are forced to pay all cash and some bids are coming in $1 million over asking.

News: What you need to know about the markets     Home prices can't go straight up forever. But this probably isn't a bubble Home prices are climbing at the fastest pace in history, eclipsing even the boom in the days leading up to the Great Recession. Bidding wars have become common, many are forced to pay all cash and some bids are coming in $1 million over asking. Read more »   Higher prices could be here to stay if the Fed doesn't act soon Back in March, people were freaking out about rising long-term interest rates and inflation fears. But now the 10-year US Treasury yield has fallen back again. Read more »   Vaccine shortage holds back developing world as rich economies roar ahead The economic outlook for rich countries is getting better while developing economies are falling behind. Read more »   How Tesla made more than $1 billion Tesla is making strides in its transformation from scrappy upstart to mature carmaker. And it has the numbers to prove it. Read more »   More than 140 business leaders urge lawmakers to pass infrastructure bill Dozens of business leaders, including the CEOs of BlackRock, United Airlines and Macy's, called on lawmakers Monday to swiftly enact the $1.2 trillion bipartisan infrastructure bill that is stalled in Congress. Read more »   Tesla reports record quarterly earnings, blowing past Wall Street's expectations Tesla reported stronger-than-expected second quarter, with a record net income of $1.1 billion. Read more »

Dow Nasdaq S&P -85.79   -180.14   -20.84 35,058.52   14,660.58   4,401.46 -0.24%   -1.21%   -0.47% YTD +14.55%   YTD +13.75%   YTD +17.18%

Biggest Winners Pentair PLC +4.64%   Boston Scientific Corp +3.50%   Aon PLC +3.19%   Edison International +2.99% Biggest Losers Lamb Weston Holdings Inc -13.53%   United Parcel Service Inc -6.99%   FedEx Corp -5.00%   Marathon Oil Corp -3.89%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $71.91 +0.26 / +0.36% Gold $1,799.00 -0.80 / -0.04% 10-yr 1.23% -0.04 Euro $1.18 +0.00 / +0.09%

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