The U.S. luxury housing market is experiencing two different trends, with the national entry point for luxury falling 2.2% year-over-year to $1.22 million. Some metros like Heber, Utah; Boise City, Idaho; and Minneapolis, Minn. are seeing rising prices and faster sales, indicating strong buyer competition. Meanwhile, markets like Bridgeport, Conn; Charleston, S.C., and Atlantic City, N.J. are witnessing significant price drops leading to shorter days on the market.

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1. The U.S. economy added 943,000 jobs in July, exceeding expectations. Unemployment rate dropped to 5.4%, lowest since March 2020.
2. Disney reported a 20% increase in revenue, as streaming service gains more subscribers.
3. Global stocks rallied as concerns over Delta variant eased, with S&P 500 hitting record high.
4. Bitcoin surged to $45,000, the highest level since May.
5. Apple announced plans to scan iPhones for child abuse images, sparking privacy concerns.: Financial Services Roundup: Market Talk