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Marketplace Morning Report

Climate change is front of mind for homebuyers

Marketplace Morning Report

Marketplace

Business, News

4.5928 Ratings

🗓️ 12 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

According to new research from Zillow, nearly 90% of would-be homebuyers say it’s important to find a house with at least one “climate-resilient feature,” like a flood barrier, seismic retrofitting or a water catchment system. More listings are starting to highlight those features, too. But first: what a stronger dollar means for the U.S. economy and where bitcoin prices stand after the election.

Transcript

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0:00.0

When you buy a house, you look at how deep are the closets and if the kitchens from this century.

0:05.9

But do you look for a flood control barrier?

0:09.4

I'm David Brancaccio.

0:10.7

First, the U.S. dollar has been climbing up about one and a half percent against other major currencies in the days after Donald Trump's victory.

0:18.6

A euro cost just over a dollar six now. Marketplaces Mitchell Hartman

0:22.4

looks at the thinking and the effects. First off, the dollar's strong because of global

0:27.2

macroeconomic fundamentals, says Gary Schlossberg at Wells Fargo Investment Institute.

0:32.9

U.S. growth is holding up better than it is overseas. China is struggling. Europe skirt at a recession,

0:39.6

but growth continues to lag. A strong economy here attracts investments from abroad, into stocks and

0:46.2

bonds, for instance, because they deliver a higher return. It's also significant when the

0:51.4

dollars started rising most recently, says Jay Hatfield at Infrastructure Capital Advisors.

0:56.7

It was in late September.

0:58.7

That's roughly when the betting markets started to anticipate a Trump victory.

1:04.6

Hatfield says investors expect a pro-business agenda.

1:07.7

The market's perception is that both the deregulation and lower corporate

1:13.4

taxes will spur U.S. growth, which might lead the Federal Reserve to slow its interest rate

1:19.8

cutting, says Joseph Gagnot at the Peterson Institute for International Economics.

1:24.9

And that makes it all more attractive to foreign investors. Going forward,

1:29.0

another factor could keep the dollar strong, says Gary Schlossberg. There's that safe haven role

1:34.7

for the dollar, to the extent there are geopolitical uncertainties. Which there are a plenty,

1:40.5

from the South China Sea to Ukraine to the Middle East. I'm Mitchell Hartman for Marketplace.

1:46.4

After hitting an all-time high yesterday, Bitcoin's market price is down slightly today in the 87,700s now.

...

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