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Stock impact report

Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet [Yahoo! Finance Canada]

Steel Dynamics, Inc. (STLD) 
Last steel dynamics, inc. earnings: 4/20 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.steeldynamics.com/presentations
Sales in what normally marks the beginning of the busiest real estate season were the weakest in 17 years, and prices slipped another 0.4 per cent from the month before, said Robert Hogue, assistant chief economist at “The national composite MLS Home Price Index remains firmly on a four year-long decline, down 4.7 per cent from a year ago and 20 per cent from the cyclical peak in early-2022,” he said in a report after was released last week. Economic uncertainty from Trump's trade war and geopolitical conflicts has been keeping buyers back for some time, but now higher are adding a further disincentive. Fixed rates have been rising as the spike in from the Iran war push up government bond yields and this recent rebound in borrowing costs suggest home prices will fall further in coming months, said Bradley Saunders, North America economist for Capital Economics. “Things are likely to get worse before they get better,” he said. The rise in government bond yields has pushed th Show less Read more
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