Hotel Prices Skyrocket During College Graduation Season

Parents attending college graduations or family weekends face exorbitant hotel rates in smaller college towns. Due to limited room availability and high demand, pricing algorithms significantly increase costs. To avoid this quandary, consider booking accommodations early (up to a year in advance), exploring alternative options such as Airbnb or VRBO, or utilizing secondary markets to offload prepaid rooms.

Iron Ore Price Rises Despite Bearish Fundamentals

The price of iron ore has seen a week-over-week increase to approximately $118 per ton despite indicators suggesting a softness in the fundamental aspects of the market. Iron ore port inventories have remained broadly flat, diverging from the usual seasonal trends. The expected seasonal surge in demand has been described as modest, which is reflected in the China Iron and Steel Association’s (CISA) pig iron production figures for the first ten days of April and the MySteel blast furnace utilization rates. Iron ore supply, on the other hand, has shown an uptick. Shipments from traditional markets have risen by 4% year-to-date. This increase includes a notable performance from Brazil.

Supply of Homes for Sale Surges in Seaside Locations

According to property website Zoopla, there has been a significant increase in the availability of homes for sale in various seaside locations across Britain. This surge in supply has resulted in an expanded selection of properties for home-buyers, accompanied by a potential rise in prices. Zoopla reports a 20% increase in the number of properties listed compared to the previous year, with notable growth in areas such as Cornwall, Dorset, and Lincolnshire.

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