The latest intelligence | Musk elected Time Magazine Person of the Year, US house prices soared 30% from before the epidemic

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U.S. stocks closed lower this week as investors feared the Fed and other central banks would raise interest rates aggressively in response to soaring inflation. The S&P 500 recorded its largest weekly percentage decline in three weeks. The Dow Industrial Average has fallen on five of the last six trading days. Both oil prices and bond yields fell. The S&P 500 fell 48.03 points, or 1 percent, to 4620.64 on Friday. The Dow Jones Industrial Index fell 532.20 points, or 1.5%, to 35,365.44. The Nasdaq Composite, which fluctuated between a small rise and a drop, closed down 10.75 points, or less than 0.1 percent, to 15,169.68.

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According to a report released wednesday by U.S. real estate agency Redfin, the median U.S. residential price was $360,250 in the four weeks to Dec. 5, up 14 percent year-over-year and up 30 percent from a year earlier in 2019. It is reported that the stock of listings for sale in the United States has been at a low level, down 26% compared with the same period in 2020. Home sales cycles are on average nine days shorter than the same period last year.

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According to CoinDesk, the Price of Dogecoin surged 40% compared to the price level at 5 p.m. ET on Monday. On Tuesday, the price of Dogecoin rose to 22 cents, up sharply from 16 cents in the previous session, before slowly falling back to around 20 cents. Earlier, Musk tweeted that Tesla would accept Dogecoin as a means of payment for some of its goods.

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Tesla CEO, SpaceX founder and CEO Musk was elected time magazine 'Person of the Year' for 2021. Tesla's market capitalization has topped $1 trillion this year, more than the Ford F.N and General Motors GM.N combined. According to Time, "Person of the Year" must "have the greatest impact on the news or on people's lives, for better or worse."

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ACCORDING TO QUICK FactSet, as of December 9, the total market capitalization of global real estate investment trusts (REITs) reached $2,543.8 billion, nearly 20% higher than the level at the end of 2019. Among them, the inflow of funds is obviously North America, which has the world's largest REIT market. The total market capitalization is already 25% above the level at the end of 2019. In 2021, the prices of residential REITs, the largest total market capitalization reimits in the UNITED STATES, rose by 46%, office REITs and hotel REITs rose by 13% and 6%, respectively, and funds are flowing back to areas that have been hit hard by the new crown.

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In the first three quarters of this year, homes worth $3 million or more in Hawaii grew 235 percent compared to the same period in 2020, with a total of 634 homes selling for more than $3 million, with a record $3.7 billion in transactions. The data shows that the average luxury home in the state sells for more than $6 million, up 12.4 percent from the same period last year, and the average price per square foot is $1795.