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Major foreign holders of Treasuries held $7.070 trillion in Treasuries in April, up from $7.028 trillion in March. Japanese investors sold Treasuries in February and March as their holdings declined. “It looks like Japanese investors sold into the sell-off and then bought once rates stabilized,” said Gennadiy Goldberg, senior rates strategist at TD Securities in New York. Foreign investors, meanwhile, sold $13.3 billion in U.S. equities in April, from purchases of $32.3 billion in March. U.S. residents decreased their holdings of long-term foreign securities, with net sales of $7.5 billion, according to the Treasury data.
Persons: , Gennadiy Goldberg, , Gertrude Chavez, Dreyfuss, Lisa Shumaker, Dan Grebler Organizations: Treasury, Securities, April’s Locations: Treasuries, Japan, New York, U.S, April’s U.S
Federal prosecutors also subpoenaed Google for the emails of Times’ reporters, but Google resisted and, under Biden, the Justice Department eventually dropped the quest. Garland’s institutional loyalty cannot justify whitewashing the action of his predecessors in the Trump-era Justice Department or the careerists who carried out their directives. The Justice Department possesses the documents filed by its prosecutors with the court, and Garland can simply unilaterally release them. Garland’s institutional loyalty cannot justify whitewashing the action of his predecessors in the Trump-era Justice Department or the careerists who carried out their directives. While protecting the institutional role of the Justice Department has value, its value does not extend to sheltering the actions of Trump-era prosecutors from scrutiny.
Persons: Donald Trump’s, Trump, Apple, Biden, Adam Schiff, Eric Swalwell, Don McGahn, Nixon, Richard Nixon’s, Trump vindictively, Haldeman, Daniel Schorr, Hedrick Smith wiretapped, Jack Anderson, Joseph Kraft, Democratic Sen, Edmund Muskie, General Merrick Garland, John Demers, Demers, Jeff Sessions, William Barr, General Michael Horowitz, , Demers ’, Chuck Schumer, Barr, Mitch McConnell, Garland, Jerry Nadler Organizations: The New York Times, Washington Post, CNN, Google, Justice Department, House Intelligence, Constitution, Intelligence, Trump, FBI, CBS, New York Times, CIA, National Security Council, Democratic, White, Trump’s Department of Justice, Apple, Department of Defense, DOJ, Department, Trump -, NBC, Sessions, Committee
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wednesday. A separate report showed U.S. retail sales dropped more than expected in May. However, the S&P 500 has been broadly stuck within a range, despite recording its 29th record-high finish of 2021 on Monday, versus 33 for all of last year. The S&P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 87 new highs and 21 new lows.
Persons: spooked, , Ed Moya, , they’re, Dow Jones, David French, Shashank Nayar, Medha Singh, Maju Samuel, Dan Grebler Organizations: Boeing, Dow, Nasdaq, Treasury, Americas, Dow Jones, Exxon Mobil Corp, Mar, European Union, Airbus, Lordstown Motors Corp Locations: wean, OANDA, United States, New York, Bengaluru
No one does," Teigen wrote, adding that she understands if some people do not want to speak to her. I’m so sorry, Courtney. I’m so sorry, Courtney. In other news you're a whore and everyone hates you," Teigen wrote. In her post, Abraham claimed that Teigen had not apologized to her.
Persons: Chrissy Teigen, she'd, I’ve, Teigen, Courtney, — chrissy teigen, Courtney Stodden, Stodden, Macy's, Mindy Kaling, Farrah Abraham, Abraham, there’s, mother’s, Michael Costello, Costello Organizations: Twitter, Daily, Target, Netflix, Variety, MTV, Us Magazine, Teigen, NBC News, NBC, Prevention Locations: Hollywood
CANADA FX DEBT-Canadian dollar hits 7-week low, pressured by Fed uncertainty
  + stars: | 2021-06-15 | by ( Fergal Smith | ) www.reuters.com sentiment -1.00   time to read: +2 min
The loonie was trading 0.4% lower at 1.2192 to the greenback, or 82.02 U.S. cents, after earlier touching its weakest level since May 6 at 1.2204. Earlier this month, it touched its strongest in six years at 1.2007. Canadian housing data for May was mixed. Canadian consumer price data is due on Wednesday, which could offer clues on the Bank of Canada policy outlook. On Monday, it touched its lowest intraday level in more than three months at 1.365%.
Persons: Fergal Smith TORONTO, We've, Edward Moya, Moya, Fergal Smith, Jonathan Oatis, Peter Cooney Organizations: Canadian, U.S, Federal Reserve, Oil, Housing, Bank of Canada Locations: New York, pare, Canada
TREASURIES-Yields steady before Fed meeting statement
  + stars: | 2021-06-15 | by ( Karen Brettell | ) www.reuters.com + 0.00   time to read: +3 min
“There are some expectations surrounding the extent to which the Fed will discuss tapering,” said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York. By raising the IOER, the Fed can ease some downward pressure on short-term rates. Some analysts say the Fed is unlikely to make any adjustments unless the fed funds rate falls below 5 basis points, which it has so far held above. The fed funds rate was at 6 basis points on Monday. She noted that a $3 billion reduction in the auction's size from May likely helped to boost interest.
Persons: Karen Brettell, Jackson, , Ian Lyngen, Lyngen, Kim Rupert, Dan Grebler Organizations: Treasury, Federal, BMO Capital Markets, Fed Locations: U.S, New York
(Reuters) -China’s Full Truck Alliance Co Ltd (FTA) said on Tuesday it is aiming for a valuation of over $20 billion in its U.S. initial public offering, marking another high-profile Chinese stock market listing in New York this year. Chinese vaping firm RLX Technology Inc raised $1.4 billion in its U.S. IPO in January. Last year, Chinese companies raised $12 billion from U.S. listings, nearly triple the amount raised in 2019, according to Refinitiv data. Chinese companies have so far raised $5.82 billion in the United States this year, according to Refinitiv data. The company plans to list on the New York Stock Exchange under the symbol “YMM”.
Persons: Uber, Didi Chuxing, Didi, Peter Hui Zhang, Morgan Stanley, CICC, Goldman Sachs Organizations: Reuters, Co Ltd, U.S, RLX Technology Inc, Consultancy, SoftBank’s Vision, Sequoia Capital, Permira, Fidelity, Tencent Holdings, underwriters, FTA’s, New York Stock Exchange Locations: New York, China, U.S, Hong Kong, United States
A minor traffic violation led to the arrest of a Long Island man in New York after police learned that he was driving with 99 license suspensions. Gilbert Cantres, 55, of Brentwood, was taken into custody Tuesday morning by Suffolk County Police and charged with aggravated unlicensed operation of a motor vehicle. The police department said in a release that two officers had initiated a traffic stop on Broadway at Sunrise Highway just before 11:30 a.m. after they saw a driver fail to signal a turn. After further investigation, the officers found that Cantres had numerous suspensions on his driver license. It's not clear if Cantres has obtained an attorney.
Persons: Gilbert Cantres, Cantres Organizations: Suffolk County Police, Broadway Locations: New York, Brentwood
Want a job? Employers say: Talk to the computer
  + stars: | 2021-06-15 | by ( The Associated Press | ) www.nbcnews.com + 0.00   time to read: +9 min
New rules proposed by the European Union would subject such AI hiring systems to tighter regulation. She was rejected again after completing a HireVue interview for a different job in December. The proposed EU rules, unveiled in April, would force providers of AI systems that screen or evaluate job candidates to meet new requirements for accuracy, transparency and accountability. Kian Betancourt, a 26-year-old who is pursuing a doctorate in organizational psychology at Hofstra University, also failed a remote HireVue interview for a consulting position earlier this year. "Tell people exactly how we’re being evaluated, even if it’s something as simple as, 'This is an AI interview,'" he said.
Persons: Dana Anthony, Anthony didn’t, Anthony, , Aislinn Kelly, JP Morgan, Goldman Sachs, Kevin Parker, HireVue, Parker, Outmatch, Target, , We’re, Kelly, Lyth, Critics, Sarah Myers West, Kian Betancourt, Betancourt Organizations: Oxford University, European Union, Target, Ikea, Associated Press, University of North, Privacy, Center, Federal Trade Commission, AP, Sarah Myers West of New York, Hofstra University Locations: U.S, Utah, , University of North Carolina, Europe, Sarah Myers West of New
Wong told NBC Asian America that such dangerous misconceptions about who perpetrates anti-Asian hate incidents can have "long-term consequences for racial solidarity." She found major contradictions in the prevailing narrative around perpetrators, victims, and the general environment of racism toward Asian Americans during the coronavirus pandemic. The study, which examined hate crime data from 1992 to 2014, found that compared to anti-Black and anti-Latino hate crimes, a higher proportion of perpetrators of anti-Asian hate crimes were people of color. The baseline for anti-Asian hate crimes and incidents has been relatively low, meaning a small growth in the total number of hate incidents can lead to large percentage increases. Wong said official law enforcement statistics show that in the 26 largest jurisdictions, which include areas like New York City, anti-Asian hate crimes accounted for 6.3 percent of all reported hate crimes.
Persons: Janelle Wong, Wong, — there's, United States —, Karthick Ramakrishnan, Ramakrishnan, aren't Organizations: American Studies, University of Maryland, College Park, NBC, Pew Research, American, of Criminal, University of Michigan, AAPI, Pacific Islanders, American Pacific Islanders Locations: America, United States, Asia, New York City, Sacramento , California, American
(Adds valuation)June 15 (Reuters) - China’s Full Truck Alliance Co Ltd said on Tuesday it is aiming for a valuation of over $20 billion in its initial public offering in the United States. Each ADS represents 20 Class A ordinary shares. The top end of that range would raise $1.57 billion for the company. Full Truck said it will list on the New York Stock Exchange under the symbol “YMM”. Morgan Stanley, CICC, Goldman Sachs, UBS Investment Bank, Huatai Securities, Citigroup and Nomura are the underwriters for FTA’s offering.
Persons: Uber, , Morgan Stanley, CICC, Goldman Sachs, Niket, Krishna Chandra Eluri Organizations: New York Stock Exchange, UBS Investment Bank, Huatai Securities, Citigroup, Nomura, underwriters, FTA’s Locations: United States, Bengaluru
FTA, which styles itself as the “Uber for trucks”, said it is offering 82.5 million American Depositary Shares (ADS) at a range between $17 and $19 per ADS. The top end of that range would mean the company could raise as much as $1.57 billion from the IPO. Chinese vaping firm RLX Technology Inc raised $1.4 billion in its U.S. IPO in January. In November, FTA was valued at nearly $12 billion after a $1.7 billion investment, Reuters reported. The company will list on the New York Stock Exchange under the symbol “YMM”.
Persons: Uber, Peter Hui Zhang, Zhang, Morgan Stanley, CICC, Goldman Sachs, Niket, Krishna Chandra Eluri Organizations: Co Ltd, RLX Technology Inc, U.S, Holding, Reuters, SoftBank’s Vision, Sequoia Capital, Permira, Fidelity, China’s Tencent Holdings, underwriters, New York Stock Exchange Locations: United States, U.S, Hong Kong, Shanghai, Bengaluru
With more than six months until the year ends, U.S. initial public offerings have already totaled $171 billion, eclipsing the 2020 record of $168 billion, according to data from Dealogic. Excluding proceeds from SPAC IPOs, traditional listings of big names, including South Korean e-commerce giant Coupang Inc(788.F), have raked in $67 billion this year, keeping 2021 on track to be the biggest year for such IPOs. Capital markets bankers and lawyers estimate that companies could end up raising close to $50 billion through traditional IPOs, excluding SPACs, before the end of the September quarter. So there's really been an explosion in the size of transactions as well," said Jeff Bunzel, global co-head of equity capital markets at Deutsche Bank. In 2020, SPAC volumes accounted for less than half of the total IPO proceeds.
Persons: Carlo Allegri, Didi Chuxing, Eddie Molloy, Morgan Stanley, we'd, SPAC, there's, Jeff Bunzel, it's, Paul Tropp, Anirban Sen, Krystal Hu, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Didi Chuxing Technology Co, Americas, Morgan, Coupang, U.S, Capital, Reuters, Deutsche Bank, SPAC Research, Investment, & Gray, Thomson Locations: Manhattan, New York City , New York, U.S, IPOs, dealmaking, Bengaluru, New York
Shell, which declined to confirm on Reuters’ report on Sunday that it was weighing the blockbuster sale of its Texas shale assets, also did not comment for this story. To showcase its 260,000 acres (105,200 hectares) in the Permian, Shell has opened a data room, according to two people familiar with the matter. ConocoPhillips, Devon Energy, Chevron Corp, EOG Resources and some private energy houses are all potential bidders for some or all of Shell’s Permian assets, according to analysts. Against this backdrop, estimates for Shell’s acreage run from $7 billion to over $10 billion, the latter implying a valuation of almost $40,000 an acre. Graphic: Shell's energy transition spending -
Persons: Toru Hanai, Andrew Dittmar, Artem Abramov, Sven Del Pozzo, , Paul Sankey, Rystad’s, Alex Beeker, Wood MacKenzie Organizations: HOUSTON, Royal, REUTERS, Shell, Equinor, Occidental Petroleum, Reuters, ConocoPhillips, Devon Energy, Chevron Corp, EOG, Benchmark, Natural Resources, DoublePoint Energy, Chevron, Rystad, IHS, Sankey Research, Occidental, Anadarko Petroleum Locations: Chiba, Japan, Texas, Shell, EOG Resources, Rystad Energy, Oklahoma, New York, Delaware, Midland, Mewbourne
AmEx to allow staff to work from home two days a week
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
REUTERS/Brendan McDermid/File Photo(Reuters) - American Express Co will allow most employees to work from home for up to two days a week permanently, unveiling a hybrid back-to-office approach in contrast to that of some major Wall Street banks. Most of the U.S. and U.K. staff of the credit card issuer will have the choice to work remotely on Mondays and Fridays starting October, AmEx Chief Executive Officer Stephen Squeri said in an internal memo. AmEx will begin bringing back employees to the office starting Sept. 13, with an aim to fully adopt the hybrid model in the week of Oct. 4. The first three weeks will be a “transition period” to allow employees to “get used to” going to office. Occupancy will be restricted to 50% and most of the staff will work in the office only two days a week during the period, the memo said.
Persons: Brendan McDermid, Stephen Squeri, AmEx, Morgan Organizations: New York Stock Exchange, REUTERS, American Express, AmEx, JPMorgan Chase &, Goldman Sachs, Inc, The, Bloomberg News Locations: New York, U.S, Manhattan, The New York
The manager of a New York City Shake Shack restaurant said he was unlawfully detained by police and "taunted" after he was falsely accused last year of poisoning three officers' milkshakes. It's not clear if Gilliam is still employed with Shake Shack, and the company could not immediately be reached Tuesday. After sipping the shakes, the officers said they did not taste right, threw them in the trash and told Gilliam. The suit says that police tested the officers' discarded shakes "and found no evidence of any bleach or other toxic substances." The detectives union tweeted out that the three officers had been "intentionally poisoned" by workers at a Lower Manhattan Shake Shack.
Persons: Marcus Gilliam, Gilliam, Richard Roe, George Floyd, Breonna Taylor, Patrick Lynch, Defendants Lynch, Lynch, defaming Gilliam, Roe Organizations: Shake, New York Police Department, NYPD, Police Benevolent Association, Endowment Association, PBA, DEA Locations: New York, City of New York
Sales of existing homes in counties with a higher share of vacation homes rose by 24% on average in 2020, more than double the 11% increase in counties that don’t have a high concentration of vacation homes. Home prices also appreciated more quickly in vacation home counties, gaining an average 14% last year, compared with the average 10% annual increase in non-vacation-home counties. As of 2019, about 10% of the 3,143 counties in the United States were vacation-home counties, according to the association here. In the next hottest market, Oscoda County, Michigan, home sales rose by 54% in 2020 and the median sales price increased by 79%, according to the report. The increased demand for vacation homes was sparked by the move to work from home and the shift to virtual schooling, which gave families the flexibility to relocate, the researchers said.
Persons: Fort, moratoriums Organizations: National Association of Realtors, Buyers, Manistee National Forests, Federal Reserve Bank of New, Federal Housing Administration Locations: U.S, United States, North Carolina , New York , Vermont, Massachusetts, Lee County, Florida, Fort Myers, Cape, Oscoda County , Michigan, Detroit, Huron, Manistee, Federal Reserve Bank of New York, forbearance
U.S. opens $3 billion aviation manufacturing wage subsidy program
  + stars: | 2021-06-15 | by ( David Shepardson | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Chris Helgren/File PhotoWASHINGTON, June 15 (Reuters) - The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies' compensation costs for as long as six months. To qualify, a company must have involuntarily furloughed or laid off at least 10% of its total workforce, or have experienced at least a 15% decline in 2020 total operating revenues. More than 100,000 jobs have been lost in the aerospace industry since the start of the COVID-19 pandemic, according to the Transportation Department. Before then, the U.S. aerospace industry was estimated to employ approximately 2.2 million workers, including 1.2 million who worked in various parts of the supply chain nationwide. The International Association of Machinists and Aerospace Workers had strongly urged Congress to fund the program.
Persons: Chris Helgren, Electric's, David Shepardson, Chizu Organizations: United Airlines, Newark Liberty International Airport, REUTERS, WASHINGTON, U.S . Transportation Department, Congress, Transportation Department, Boeing Co, Raytheon Technologies, International Association of Machinists, Aerospace Workers, U.S, Thomson Locations: New York City, New Jersey, U.S
NEW YORK (Reuters) - From lumber prices to wages and inventories: Reading the clues around inflation has turned into an investor obsession. As investors assess the risks of rising prices to financial markets, however, some think the biggest gains in inflation are already in the rear-view mirror. Koesterich thinks inflation will likely run above trend lines well into 2022 given the bottlenecks in global supply chains. Investors who bet on inflation typically move into groups better-positioned to weather price rises, like materials and energy and companies with pricing power. REASONS TO WORRYWhile the majority of investors believe inflation is transitory, according to a Bank of America fund manager survey, worries remain.
Persons: Leah Millis, , Russ Koesterich, Koesterich, Jeff Mayberry, ” Mayberry, Ernesto Ramos, Morgan Stanley, Michael Wilson, Greg Wilensky, Janus Henderson, Wilensky, “ I’m, ” Paul Tudor Jones, ” Morgan, James Gorman, Mohamed El Organizations: YORK, Federal Reserve Board, REUTERS, Employers, Fed, BMO Global Asset Management, Bank of America, U.S, Securities, Tudor Investment Corp, CNBC, ” Morgan Stanley, Allianz, Locations: Washington , U.S, Treasuries
UPDATE 1-Suriname slams its creditors' "non constructive" attitude
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +1 min
(Adds details, context)NEW YORK, June 15 (Reuters) - Suriname on Tuesday said creditors had taken a “non-constructive and confrontational attitude” toward restructuring the country’s debt, a day after a creditor committee triggered a termination clause on two of the South American nation’s outstanding bonds. A majority of Suriname bondholders have triggered a termination clause on 2023 and 2026 notes, the creditor committee said on Monday, adding that Suriname had not negotiated in good faith. “The Ministry of Finance takes note of the statement made public yesterday by the committee of bondholders ... and regrets the non-constructive and confrontational attitude,” the ministry said in a press release. Creditors have complained that Suriname has not allowed them sufficient participation in a $690 million financing deal with the International Monetary Fund. (Reporting by Rodrigo Campos in New York and Brian Ellsworth in Caracas Editing by Alistair Bell)
Persons: , , Rodrigo Campos, Brian Ellsworth, Alistair Bell Organizations: American, Ministry, Finance, International Monetary Fund Locations: Suriname, New York, Caracas
UPDATE 2-Suriname slams creditors for 'confrontational' attitude
  + stars: | 2021-06-15 | by ( Ank Kuipers | Brian Ellsworth | ) www.reuters.com sentiment -1.00   time to read: +2 min
Suriname says it is too soon for those funds to appear on its books, while creditors insist they should be a factor in the debt talks. Suriname’s finance ministry said it “regrets the non-constructive and confrontational attitude,” adding it had gone out of its way to meet the demands of the creditor committee. “The restoration of prudent and sustainable public finances will require painful adjustments from all external official and commercial creditors of the Republic,” the ministry said. It was not immediately evident what legal actions, if any, the creditor committee would take against Suriname, or if the government was readying a new proposal. (Reporting by Rodrigo Campos in New York and Brian Ellsworth in Caracas Editing by Alistair Bell and David Gregorio)
Persons: , Rodrigo Campos, Brian Ellsworth, Alistair Bell, David Gregorio Organizations: International Monetary Fund Locations: PARAMARIBO, CARACAS, Suriname, American, Republic, Republic of Suriname, New York, Caracas
Germany's Bike24 seeks valuation of up to $985 million in Frankfurt listing
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
BERLIN (Reuters) - Germany’s Bike24 plans to float on the Frankfurt stock exchange before the end of June in a deal that could value the online bicycle dealership at as much as 812 million euros ($985 million), the company said on Tuesday. Dresden-based Bike24 said the price range for its listing has been set at 15-19 euros per share, which would give it a market value of 662-812 million euros. The Bike24 offering consists of new shares worth 100 million euros. Altogether, shares worth 386-459 million euros will be sold, assuming a full exercise of the over-allotment and upsize options. The company last year posted earnings before interest and tax of 10 million euros in 2020 on revenues of 199 million.
Persons: Christian Mang, Bike24, Andres Martin, Birner, JP Morgan Organizations: BERLIN, REUTERS, Signa Sports United, New York Stock Exchange, Riverside Company, Berenberg Locations: Frankfurt, Berlin, Germany, Dresden, Bike24
Suriname slams creditors' "non constructive" attitude
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
NEW YORK, June 15 (Reuters) - Suriname on Tuesday said creditors had taken a “non constructive and confrontational attitude” toward restructuring the country’s debt, a day after a creditor committee triggered a termination clause on two outstanding bonds. (Reporting by Rodrigo Campos in New York and Brian Ellsworth in Caracas)
Persons: Rodrigo Campos, Brian Ellsworth Organizations: YORK Locations: Suriname, New York, Caracas
Spotify strikes exclusive deal with 'Call Her Daddy' podcast
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.84   time to read: +1 min
FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) - Spotify Technology SA on Tuesday announced a multi-year deal to stream the popular podcast ‘Call Her Daddy’, hosted by Alex Cooper on its audio streaming platform, in its latest exclusive tie-up to keep listeners hooked. The Swedish company will exclusively stream ‘Call Her Daddy’ starting July 21, including all back catalogue full-length episodes, future episodes and additional exclusive new projects in development, Spotify said in statement, without disclosing any financial details of the deal. It is also the fifth-most-popular streamed podcast globally on Spotify. Spotify has been boosting its podcast muscle by spending more than $500 million in buying podcast networks Gimlet and Anchor, and podcast advertising company Megaphone.
Persons: Brendan McDermid, , Alex Cooper, Cooper, Sofia Frankyln, Franklyn Organizations: New York Stock Exchange, REUTERS, Spotify Technology SA, Tuesday, Spotify, Barstool Sports, Wall Street Journal Locations: New York, U.S, Swedish
Sales of existing homes in counties with a higher share of vacation homes rose by 24% on average in 2020, more than double the 11% increase in counties that don’t have a high concentration of vacation homes. Vacation-home counties were defined as those where at least 20% of the properties are for seasonal or recreational use. As of 2019, about 10% of the 3,143 counties in the United States were vacation-home counties, according to the association. In the next hottest market, Oscoda County, Michigan, home sales rose by 54% in 2020 and the median sales price increased by 79%, according to the report. The increased demand for vacation homes was sparked by the move to work from home and the shift to virtual schooling, which gave families the flexibility to relocate, the researchers said.
Persons: Fort, Jonnelle Marte, Jonathan Oatis Organizations: National Association of Realtors, Manistee National Forests, Buyers Locations: U.S, United States, North Carolina , New York , Vermont, Massachusetts, Lee County, Florida, Fort Myers, Cape, Oscoda County , Michigan, Detroit, Huron, Manistee
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