I was in Park City, Utah recently, and the real estate agents gave me an interesting statistic: it is believed that 80% of the land and buildings are owned by people or companies who live outside of the area.A large number of those are condominiums (more condo news below), with prices ranging below and above Houston’s newest high-rise condo development (with prices starting at $1.5 million).
For a change, bond yields mostly held steady, with the yield of the 10-year U.S. Treasury bond hovering around 2.00%-the lowest since late 2016. Yields of 10-year government bonds in developed markets such as Germany, France, and Japan remained in negative territory.
Gold and all other commodities are ranked based on their aggregate 3-month fund flows for all U.S.-listed ETFs that are classified by ETFdb.com as being mostly exposed to those respective commodities. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Gold relative to other commodities.