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prices

House prices continue to grow due to inventory shortage

4 mins read

The FINANCIAL — Home price momentum continued into early October, with annual median list price growth reaching double digits, according to Zillow’s Weekly Market Report. Although the frenetic pace of newly pending sales seems to be subsiding in a delayed seasonal slowdown, a dire lack of inventory is keeping the market in sellers’ courts. “The consequences of months of tightening inventory are being felt keenly by the nation’s housing market in the form of jaw-dropping price appreciation this fall,” said Zillow senior economist Jeff Tucker. “Our data on closed sales show sellers within a hair’s breadth of double digit year-over-year appreciation, an…

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House prices continue to grow due to inventory shortage

4 mins read

The FINANCIAL — Home price momentum continued into early October, with annual median list price growth reaching double digits, according to Zillow’s Weekly Market Report. Although the frenetic pace of newly pending sales seems to be subsiding in a delayed seasonal slowdown, a dire lack of inventory is keeping the market in sellers’ courts. “The consequences…

September 2020: Inflation rate in Georgia

4 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (September 2020) according to which the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 3.8 percent. With regard to the annual core inflation, the prices increased by 5.2 percent,…

Most Commodity Prices to Drop in 2020 As Coronavirus Depresses Demand and Disrupts Supply

5 mins read

The FINANCIAL – The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.…