Business
MITT to acquire Cherry Hill Mortgage in $117.5 million deal
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Nayax Ltd. 2026 Q2 – Results – Earnings Call Presentation (NASDAQ:NYAX) 2026-08-10
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Business
Why is Liberty Media Formula One stock sliding today?

Why is Liberty Media Formula One stock sliding today?
Business
Hints And Solution For August 10, 2026 As Puzzle Number 1878 Stumps Players Worldwide
NEW YORK — Wordle players faced a tricky five-letter puzzle Monday, with Tuesday’s Wordle No. 1878 leading many solvers down false paths involving air travel and geometry before the correct answer became clear.
The word of the day was SNIPE, a term that can refer to either a family of long-billed wading birds or the act of shooting at a target from a hidden position — and, in its more common colloquial usage, a sharp, cutting remark aimed at belittling someone. The dual meaning tripped up a number of players who spent their early guesses testing unrelated five-letter words before narrowing in on the correct answer.
Wordle, the daily word-guessing game created by software engineer Josh Wardle in 2021 before it was acquired by The New York Times, challenges players to identify a hidden five-letter word within six attempts. After each guess, tiles turn green if a letter is correct and in the right position, yellow if the letter appears elsewhere in the word, and gray if the letter does not appear at all. A new puzzle is released daily at midnight in each player’s local time zone, and the game allows only one attempt per day, a limitation that has helped fuel its popularity as a shared daily ritual among friends, families and coworkers who compare results each morning.
Puzzle trackers and hint sites that cover Wordle daily noted that Monday’s word carried a moderate difficulty level, in part because of its unusual letter pattern. SNIPE contains two vowels and three consonants with no repeated letters, and begins with the letter S — a common Wordle starting letter that nonetheless left plenty of room for guesswork given the number of valid five-letter words that share that structure. Hint outlets that publish daily walkthroughs described the puzzle as one that rewarded players who used their early guesses to test common vowel combinations before committing to a final answer, rather than fixating on a single interpretation of the word’s meaning too early.
Several outlets that track Wordle results characterized Monday’s puzzle as one that produced a wide spread of outcomes, with some players solving it in three or four guesses while others needed the full six attempts to land on the correct word. Commentary from puzzle writers described the day’s clue landscape as one where “connection, teamwork, and smooth handovers” served as the guiding theme suggested by editors framing their daily hint columns, a device commonly used across puzzle-hint sites to nudge readers toward the answer without revealing it outright.
Wordle has become one of the most widely played online word games since its debut, spawning spinoffs including Connections, Strands, the Mini Crossword and, more recently, a sports-themed edition of Connections produced in partnership with The Athletic. The success of the format has also inspired a wave of imitators covering categories from geography to color identification, many of which now compete for the same daily audience of casual puzzle solvers.
For players who prefer to solve the puzzle without hints, strategy guides recommend opening with words that test a broad mix of common vowels and consonants, then using the feedback from that first guess to eliminate as many letters as possible before the second attempt. Players who already know a word contains repeated letters should not rule out reusing a letter in later guesses, since Wordle answers frequently include double letters — though Monday’s answer, SNIPE, was not one of them. Guides also generally advise against making random or “wild” guesses in the final two attempts, when the letter pool has typically narrowed enough that only a handful of plausible words remain.
The puzzle’s daily reset has made Wordle a recurring subject of coverage across major outlets, many of which publish same-day hint columns designed to help subscribers extend their personal win streaks without accidentally seeing the answer before they are ready. Streaks — the number of consecutive days a player has solved the puzzle — have become a central part of Wordle’s appeal, with the game tracking and displaying a player’s current and longest streaks alongside their guess distribution over time.
Monday’s puzzle arrived as part of a broader slate of New York Times word games published each day, including the standard Connections puzzle, the newer Connections: Sports Edition, and the Mini Crossword, all of which reset at midnight alongside Wordle. Puzzle enthusiasts often complete the full slate of games in sequence each morning, a routine that has become a fixture for millions of regular players since the Times folded Wordle into its broader games app.
The Times does not publish official difficulty ratings for individual Wordle puzzles, but third-party trackers that analyze aggregated player data have said the game’s average difficulty has remained relatively stable over the past year, even as the pool of previously used answers has grown large enough that some veteran players now try to anticipate which five-letter words remain unused in the archive. Puzzle-hint sites have taken to publishing running lists of common five-letter words that have not yet appeared as Wordle answers, a resource aimed at players hoping to gain a slight statistical edge on future puzzles.
As with every Wordle puzzle, Monday’s word will not repeat, and the archive updates automatically at midnight local time with a new challenge for Tuesday. Players who missed Monday’s puzzle can still access it through Wordle’s official archive, which allows solvers to catch up on past puzzles they skipped.
Business
Scarlett Johansson’s $869 Million Dinosaur Blockbuster Named One Of 2026’s Biggest Streaming Hits Yet
LOS ANGELES — “Jurassic World Rebirth,” the Scarlett Johansson-led dinosaur blockbuster that grossed nearly $870 million at the global box office last year, has landed among the biggest streaming movies of 2026 so far, according to newly released viewership data from Nielsen.
The film ranked third on Nielsen’s mid-year “Streaming Landscape 2026” report, which tracks viewing on connected televisions across the United States between December 29, 2025, and June 28, 2026. “Jurassic World Rebirth” racked up roughly 3.4 billion minutes viewed during that window, trailing only two Netflix original films: the Matt Damon and Ben Affleck crime thriller “The Rip,” which topped the list with about 4.4 billion minutes viewed, and Alan Ritchson’s science-fiction action film “War Machine” in second place.
The film’s placement on the list is notable in part because it is not a Netflix original production. “Jurassic World Rebirth” first arrived on Peacock last October under an existing licensing arrangement between NBCUniversal and Netflix, before landing on Netflix itself in February 2026. That dual-platform release, sometimes referred to in the streaming industry as a “Pay 1” window, gave the film access to two of the largest streaming audiences in the country and is widely credited with helping drive its viewership total well past several theatrical hits that debuted on streaming later in the period, including “Sinners” and “One Battle After Another,” the latter of which failed to crack Nielsen’s top 10 despite winning acclaim during awards season.
Directed by Gareth Edwards from a script by David Koepp, “Jurassic World Rebirth” serves as the seventh installment in the franchise that began with Steven Spielberg’s 1993 original “Jurassic Park.” The film picks up five years after the events of “Jurassic World Dominion” and follows Johansson as Zora Bennett, a covert operations specialist who leads a team on a mission to a remote island once used for secretive genetic research. Their objective is to extract DNA from three of the largest dinosaur species that remain, including a Mosasaurus, a Tyrannosaurus rex and a Titanosaurus, a task complicated when the team encounters a range of genetically modified creatures on the island.
The film also stars Mahershala Ali, Jonathan Bailey, Rupert Friend, Manuel Garcia-Rulfo and Ed Skrein, and was produced by longtime franchise collaborators Frank Marshall and Patrick Crowley under Amblin Entertainment and Universal Pictures.
Released theatrically on July 2, 2025, “Jurassic World Rebirth” earned approximately $339.6 million domestically on its way to a worldwide total of roughly $869 million, against a production budget reported to be between $180 million and $225 million. While that made it one of the highest-grossing films of last year and the sixth-highest-grossing release of 2025 overall, it fell short of the $1 billion mark reached by several of the franchise’s earlier installments, making it the first “Jurassic” film since “Jurassic Park III” not to cross that threshold. The film also received a nomination for best visual effects at the most recent Academy Awards, marking the first Oscar nomination for the franchise in any category since “The Lost World: Jurassic Park.”
Despite its comparatively softer theatrical performance relative to earlier entries in the series, the film’s streaming success has reinforced Universal’s plans to continue the franchise. A sequel was confirmed to be in development following the film’s theatrical run, though the project hit a setback earlier this year when Edwards departed amid reported creative differences over the direction of the follow-up. It remains unclear who will step in to direct the next installment, or how the change might affect the film’s timeline.
The film’s continued popularity on streaming comes as Johansson prepares for another high-profile franchise turn, joining director Mike Flanagan’s upcoming reboot of “The Exorcist,” slated for release next year. Johansson has emerged as one of the most consistently bankable stars in Hollywood across both theatrical and streaming platforms in recent years, with “Jurassic World Rebirth” marking her second major franchise commitment following her long-running role as Natasha Romanoff, or Black Widow, in the Marvel Cinematic Universe.
Nielsen’s report also highlighted broader trends shaping the streaming landscape during the first half of 2026, including Netflix’s continued dominance of original film production and the growing importance of shared theatrical-to-streaming distribution windows for major studio releases. Alongside “Jurassic World Rebirth,” Universal’s animated hit “How to Train Your Dragon” also benefited from an early Peacock-to-Netflix shared window, landing at number 15 on the same chart. Netflix additionally claimed several of the top spots among family and animated titles during the period, led by its in-house original “KPOP Demon Hunters,” which ranked second overall among all films with more than 5.5 billion minutes viewed.
The Nielsen data underscores a broader shift in how audiences are consuming major theatrical releases, with streaming viewership increasingly rivaling — and in some cases surpassing — the cultural impact of a film’s original box office run. For “Jurassic World Rebirth,” that shift appears to have extended its commercial life well beyond its theatrical release window, cementing its place as one of the defining blockbusters of the past year even as the franchise’s next chapter remains in flux following its director’s exit.
“Jurassic World Rebirth” is currently available to stream on Netflix.
Business
How Rakesh Jhunjhunwala’s old Tata bet created Rs 80,000 crore wealth after two years of flat returns
The stock had spent the past two years delivering almost flat returns, even as the company remained one of India’s strongest consumer discretionary franchises. Elevated valuations, rising gold prices, weak discretionary spending and concerns over demand had kept investors cautious.
What changed in 2026
One of the biggest positives that analysts saw this year was jewellery demand stayed stronger than expected. Titan benefited from the continued shift of customers from unorganised jewellers to organised chains. This shift has helped large branded players gain share, especially in urban and semi-urban markets where trust, design range, exchange offers and store experience have become stronger selling points.
HSBC, which has a target price of Rs 5,290 on Titan, said the outlook for India’s jewellery segment remains stronger than the broader consumption market. The brokerage said the shift from unorganised to organised jewellery continues to help Titan. It added that a sharp correction in gold prices could hurt demand for a short period, but demand should recover later through higher footfalls and buyer growth.
Gold prices also played a role in Titan’s recovery. A relatively stable gold price environment helped buyers return to stores during the June quarter. High volatility in gold usually delays purchases as consumers wait for better prices. Stability helps both wedding and non-wedding demand.
Also Read: FIIs now backing India’s consumers, not capex: July data reveals major rotation
Titan’s exchange programmes have also supported growth. These programmes allow customers to exchange old jewellery for new purchases, helping the company bring more consumers into its organised retail network.
Q1 earnings support thesis
The company’s June-quarter numbers added fresh momentum to the stock rally. Titan reported a 63% growth rise in net profit to Rs 1,777 crore for Q1 over last year, while total income, excluding bullion and digi-gold sales, rose 40% to Rs 20,753 crore..
Jewellery remained the main engine. The jewellery portfolio grew 43% year-on-year to Rs 18,253 crore, excluding bullion and digi-gold sales. India jewellery revenue rose 38% to Rs 16,943 crore. Tanishq, Mia and Zoya together grew 38% to Rs 15,502 crore, while CaratLane grew 40% to Rs 1,441 crore.
Titan said the quarter was helped by festive demand, Akshaya Tritiya purchases, exchange programmes and stable gold prices. It also said buyer growth was in double digits, while average ticket sizes rose meaningfully. That combination helped plain and studded jewellery categories grow in the mid-thirties.
ICICI Securities said Titan reported healthy growth despite the full 28-day Adhik Maas period falling in the quarter, which typically affects wedding-related demand.
Titan’s international jewellery business also stood out. Revenue from the international jewellery business grew 136% to Rs 1,309 crore, helped by strong traction for Tanishq in North America and double-digit growth in the GCC. Damas, acquired earlier, reported revenue of Rs 396 crore.
Watches, eyecare take centerstage
The rally is not only about jewellery. Titan is trying to build larger businesses in watches, eyecare and emerging categories. Watches grew 21% to Rs 1,543 crore in Q1, led by premiumisation and demand for analog watches. Eyecare revenue also grew 21% to Rs 289 crore.
JM Financial said it remains positive on Titan despite near-term headwinds from elevated gold prices and regulatory changes. The brokerage said Titan is investing in growth engines beyond jewellery through eyecare, watches and emerging businesses, using premiumisation, omnichannel expansion and category development. It has a Buy rating on the stock nwith a target price of Rs 4,900.
“Titan remains one of India’s highest-quality consumer discretionary franchises, supported by category leadership, execution and multiple growth levers.”
The brokerage said it broadly agrees with management’s long-term jewellery plans, though it is more conservative on eyecare and watches until there is clearer evidence of sustained improvement.
Meanwhile, BNP Paribas recently made one of the largest earnings upgrades for Titan after the recent performance, reflecting stronger confidence in the company’s growth outlook.
For investors, the case for Titan remains linked to long-term jewellery formalisation, brand strength and execution. The risks are also clear. A sharp fall in gold prices can delay purchases. Elevated gold prices can affect affordability. Any structural fall in natural diamond prices remains a concern for the jewellery business.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
Boeing sells eVTOL subsidiaries, takes stake in Archer
The Boeing logo is displayed on a Boeing building on Aug. 3, 2026 in El Segundo, California.
Mario Tama | Getty Images
In a move to increase its focus on core operations, Boeing is selling three of its subsidiaries to Archer Aviation in exchange for an undisclosed stake in the startup that focuses on electric vertical take-off and landing aircraft, known as eVTOLs for short.
The subsidiaries include Wisk Aero, which has been developing an autonomous eVTOL, and SkyGrid, which is developing air traffic management systems to be used by air taxis as urban air mobility goes from test flights to commercial operations. The third Boeing subsidiary being sold, Insitu, develops and manufactures high-altitude drones that have been used worldwide, including by the U.S. Navy.
Brian Yutko, Boeing vice president of commercial airplanes product development, said the deal “allows Wisk, SkyGrid and Insitu to accelerate capability development and time to market while ensuring Boeing capitalizes on its investments in these technologies over the past two decades through continued development in our core businesses.”
For Archer, the transaction strengthens its position developing eVTOLs and the networks to support them. Insitu also helps Archer extend its military portfolio.
In announcing the acquisitions, Archer CEO Adam Goldstein said, “This is the next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business.”

Both companies stand to benefit from the deal. Archer is targeting commercial eVTOL flights by the end of this year or early next year and is eager to establish itself as urban air taxis take off around the U.S.
By acquiring Wisk and SkyGrid, Archer solidifies its portfolio, especially with the autonomous eVTOL technology Wisk has been developing.
Boeing also benefits by shedding subsidiaries that are not central to its commercial airplanes, defense and space operations. Since taking over as CEO in August 2024, Kelly Ortberg has repeatedly said Boeing needs to focus on improving its three primary businesses.
Just a few months after becoming CEO, Ortberg made it clear Boeing’s path to profitability would mean streamlining the aerospace giant.
“We need to reset priorities and create a leaner, more focused organization,” he said in October 2024.
Business
Sensex closes almost flat, Nifty ends above 24,580. What lies ahead?
The Sensex rose over 43 points to close at 78,542, while the Nifty 50 gained around 13 points to end the session at 24,584 on Monday. Broader markets ended mixed, with the Nifty Smallcap 100 falling 0.3%, while the Nifty Midcap 100 rose 0.6%.
Titan shares were the top gainers on the Sensex, jumping more than 3%. Bajaj Finance shares gained around 2%, while Bajaj Finserv, Tata Steel, and Asian Paints shares rose over 1% each. Bucking the trend, SBI shares erased early gains to fall more than 2%. Bharti Airtel [Note: corrected from ‘Eternal’], NTPC, and ITC shares followed, dropping 1–2%.
Among sectors, the Nifty Realty and Nifty Financial Services (excluding banks) indices gained more than 1% each to lead the advances, while the Nifty PSU Bank index dropped around 2%. Overall market breadth was slightly positive, with the NSE recording 1,739 advances and 1,703 declines, while 118 stocks remained unchanged.
What lies ahead for Dalal Street?
Markets remained on a tight leash as uncertainty surrounding the Strait of Hormuz continued to temper risk appetite, even as encouraging corporate earnings lent support to broader sentiment, said Vinod Nair, Head of Research at Geojit Investments.Globally, softer-than-expected US jobs data weakened the case for Fed tightening, shifting investor focus to upcoming US inflation readings for fresh direction on rates and bond yields, the analyst noted, adding that a softer yield environment could revive interest in emerging markets and pave the way for stronger FII participation.
“Amid these global crosscurrents, India’s robust domestic growth engines and resilient economic fundamentals continue to stand out, providing a strong anchor for investor confidence,” Nair added.
Technical view on Nifty
While the fundamental view remains slightly bullish, the technical charts warrant caution. Friday’s failure to attract enough bearish momentum, has reduced Nifty’s chances of an outright fall to 24,400 or to confirm a bearish trend reversal, said Anand James, Chief Market Strategist at Geojit Investments.
He however noted that the oscillators continue to paint a consolidation picture within the 24,400-24,775 band with 24,570-24,500 emerging as a support band while 24,650-24,690-24,730 pose as upside challenge points.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Stock Market Today: Dow Falls As Oil Prices Climb; SpaceX Stock Extends Gains (Live Coverage)
Futures for the Dow Jones Industrial Average and the other major stock indexes traded mixed Monday, as oil prices climbed amid a lack of progress in U.S.-Iran talks. Meanwhile, Space Exploration Technologies (SPCX), known as SpaceX, was an early winner on the stock market today. Ahead of Monday’s open, Dow futures fell 0.1%, while S&P 500 futures gained a fraction.…
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Business
Zuckerberg wants personal superintelligence available to everyone
Meta CEO Mark Zuckerberg laid out an optimistic vision for artificial intelligence, arguing the technology should empower billions of people rather than fuel fears of a dystopian future. (Credit: Meta)
Meta founder and CEO Mark Zuckerberg on Monday outlined his vision for a world where personal superintelligence is available to everyone rather than only a select few.
In a 14-page letter titled “The Future is for Everyone: The Path to a Positive AI Future,” Zuckerberg argued that broadly distributing superintelligent AI represents both an economic opportunity and a safeguard against concentrating too much power in the hands of governments, businesses and other institutions.
“We propose a philosophy based on individual empowerment as the source of prosperity, invention as the primary purpose of superintelligence, and balance of power as the foundation of safety,” he wrote.
His broader argument centers on individual empowerment, using AI primarily to help people invent rather than simply automate work, distributing power through checks and balances and ensuring communities benefit from Meta’s AI infrastructure investments.
ZUCKERBERG PREDICTS MORE JOBS AND ENTREPRENEURSHIP IF SUPERINTELLIGENCE IS WIDELY DISTRIBUTED

Meta CEO Mark Zuckerberg on Monday outlined his vision for a world where personal superintelligence is available to everyone. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
“All new technologies create opportunities and challenges. Superintelligence will be among the most important technologies in history, so its opportunities and challenges will likely be greater than any we’ve seen in our lifetimes. We should take this very seriously,” he added.
Zuckerberg said empowering individuals would allow people to compete with and check one another economically, socially and politically, while also helping balance the power of businesses and governments.
“But if the power of superintelligence is held by a small number of individuals, businesses, governments, or AI itself, then that will naturally lead to outcomes that are less favorable for everyone else,” Zuckerberg said. “This is not a technological principle. It is about the balance of power. There is no such thing as a singular benevolent superintelligence.”
He said the key to a positive future for everyone is achieving a balance of power that favors individuals, arguing that superintelligence should be broadly distributed to empower people.
“Meta is the company primarily focused on building personal superintelligence for everyone,” he said. “Most other labs are focused on building AI for companies, governments, or other institutions, so if those labs lead, then the balance of power will favor larger institutions over individuals. Meta’s mission since our founding has focused on putting power in people’s hands. If our beliefs and principles lead, then the balance of power will favor individuals and a better future for everyone.”
Zuckerberg also called for close cooperation between frontier AI labs and the government, saying government policy will be necessary to help ensure a positive future.
As part of that broader strategy, Zuckerberg said Meta will soon resume releasing some open-source AI models, which he described as a “positive and important force” for empowering people and preventing centralization he argues could harm safety and the economy.

Meta CEO Mark Zuckerberg said the key to a positive future for everyone is achieving a balance of power that favors individuals. (REUTERS/Manuel Orbegozo / Reuters)
“Meta continues to be strongly supportive of open source, including open source AI models. The current open source ecosystem is strong, and we think it would be a mistake to restrict it. Now that Meta Superintelligence Labs are up and running, we will resume releasing some open source models soon,” he said.
Meta also announced new open-source model releases Monday. The company is releasing the weights for Muse Glimmer, a 30-billion-parameter dense model that can run on a laptop or single consumer GPU, which Meta described as one of the highest-performing models of its size.
In the coming weeks, Meta said it will also open the weights for a version of Muse Spark 1.2, which the company described as one of the world’s leading foundation models.
Zuckerberg also previewed a new $1 billion Future is for Everyone Fund to invest directly in U.S. communities where Meta owns and operates data centers. Meta said it will work with communities to develop investments and programs tailored to local needs.
The commitment was inspired in part by what Meta said it observed in Richland Parish, Louisiana, where teachers received bonuses tied to increased tax revenue from the company’s investment.
ZUCKERBERG SAYS AI SHOULD EMPOWER PEOPLE, NOT REPLACE THEM, IN NEW META VISION

Meta CEO Mark Zuckerberg argued that distributing superintelligent AI broadly is both an economic opportunity and a safeguard against too much concentrated power. (Arda Kucukkaya/Anadolu via Getty Images / Getty Images)
“Sustainable infrastructure development means that communities must benefit significantly from each project,” Zuckerberg wrote in his letter. “This includes high-paying local jobs, investment in schools and public services, ensuring energy prices don’t rise, and taking care of the environment. As tax revenue grows, this also benefits teachers, law enforcement, fire departments, and more. We call these local benefits our community compact, and we are launching a Future Is For Everyone Fund to support each community we work in directly.”
“For example, in Richland Parish, Louisiana, where Meta is building a large data center, teachers received a $50,000 bonus this year because of the increased tax revenue from our investment. The superintendent told us that teachers are now moving there from across the country and he believes it will become one of the nation’s best school districts,” he continued.
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Zuckerberg concluded by calling it “an incredible moment to live through” and arguing that developing superintelligence “will be the most profound technological advance we will see in our lifetimes.”
“Meta is committed to building with the principles of individual empowerment as the source of prosperity, invention as AI’s purpose, and a balance of power favoring people as the foundation for addressing safety risks,” he said.
Business
America’s hottest ZIP codes for 2026 as Northeast and Midwest lead
The nations hottest ZIP codes for housing are in the Northeast and Midwest, explains Realtor.com economist Hannah Jones.
America’s hottest housing markets are all located in the Northeast and Midwest, according to a new ZIP code-level analysis of the most in-demand housing markets.
Realtor.com released its hottest ZIP codes report for 2026, which found that those two regions swept the top 10 rankings for the fourth consecutive year.
Hannah Jones, senior economist at Realtor.com, told FOX Business in an interview that “a lot of these ZIP codes fall in suburbs that are on the outer ring of major metro areas like Boston, New York, Philadelphia.”
“It kind of paints this picture that you can still commute to the busy city center for your job, but you’re taking your big city income where you can get a little more bang for your buck, more space, more of that established suburban quiet life,” she said.
A TALE OF TWO HOUSING MARKETS: LUXURY DEMAND SURGES AS AFFORDABILITY SQUEEZES STARTER-HOME BUYERS

Realtor’s hottest ZIP codes report gauged views by home shoppers and the average time homes were listed to compile the rankings. (Daniel Acker/Bloomberg via Getty Images)
Housing supply in the communities that comprised the top 10 of this year’s rankings is especially tight, as Jones noted that inventory levels are running about 60% below pre-pandemic levels in those communities – whereas inventories across the country are just 11% below where they were before the pandemic.
She also said that many home shoppers in these markets are coming from within the metro area they’re closest to, as opposed to being from outside the region to move, adding that “we’re not seeing as much of that cross-country migration type of buyer demand.”
Another characteristic of those markets is that the scarcity is driving buyers to pay above asking price, with nine of the top 10 seeing homes sell at or above asking price with an average sale-to-list ratio of 103.8%. Around the country, the typical home sold for about 2.3% below its list price in the first half of 2026.
THESE AMERICAN CITIES ARE TRENDING TOWARD A BUYER’S MARKET

The hottest ZIP code in Realtor’s report is located near the Boston metro area. (Getty Images/stock)
Buyers are also putting more money down when purchasing a home in the ZIP codes that make up the top 10 rankings as opposed to the national average.
“When we’re looking at these buyer profiles, we see that they tend to put down a lot as a down payment. Across these 10 top ZIP codes, the typical buyer is putting down about 17% as the down payment, compared to about 13% nationally – and both of those figures are also higher than they were even before the pandemic,” Jones said.
“We also know they tend to have higher credit scores, and all this is pointing to this idea that today’s borrowers have to be more financially equipped and financially ready to participate in today’s housing market because with mortgage rates in the mid-to-high 6% range,” she said.
Jones added that the buyers who are participating in these markets “tend to be very financially able to participate, they have a little bit more money to put down, and they’re more financially robust than the typical U.S. buyer.”
HERE’S THE INCOME NEEDED TO AFFORD THE TYPICAL AMERICAN HOME

Most of the communities in the top 10 ZIP codes in Realtor’s hottest housing markets report are in the suburbs of major metro areas. (iStock/Getty Images Plus)
Realtor.com’s rankings are based on an algorithm that considers market demand based on unique viewers per property on the Realtor.com website, as well as the pace of the market as measured by the number of days a listing remains actively listed on the platform.
Here’s Realtor.com’s list of the hottest ZIP codes in America:
1) 01960 – Peabody, Massachusetts
2) 07042 – Montclair, New Jersey
3) 08080 – Sewell, New Jersey
4) 14450 – Fairport, New York
5) 01085 – Westfield, Massachusetts
6) 48154 – Livonia, Michigan
7) 17543 – Lititz, Pennsylvania
8) 06473 – North Haven, Connecticut
9) 53151 – New Berlin, Wisconsin
10) 60187 – Wheaton, Illinois
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