February 4, 2025 The economic new year is now rolling along. While the markets await the anticipated results of the new Administration’s policies, the economy does not wait for anyone. Last week was the first big economic event of the year – a meeting of the Federal Reserve’s Open Market Committee. Most were predicting a […]
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January 28, 2025 So, we added over two million jobs last year. That is good news, right? As we have been saying for a few years now, good economic news has now become bad news. How did more jobs for Americans become a bad thing? When the unemployment rate is low, consumers have more money […]
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January 7, 2025 A lot of interest rate watchers were very confused late last year. As was expected, in their last meeting of the year, the Federal Reserve Open Market Committee lowered rates for the third time in 2024. But interest rates such as mortgages reacted instantly by increasing. How can that be? Doesn’t the […]
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December 31, 2024 We hope you all are having a great holiday season. With the new year we are always looking to bring the latest predictions concerning the real estate market and the general economy. Of course, this also comes with our annual warning – predictions are futile (adapted from Star Trek). No one can […]
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December 3, 2024 We have had so many months of jobs gains that the monthly employment report has held little intrigue lately. As a matter of fact, the ancillary numbers such as wage inflation have garnered more attention than the number of jobs gained in some circles. For at least one month, this is no […]
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November 26, 2024 The initial response to the President-elect’s victory was a huge Wall Street rally. Despite the fact that there were already significant gains in 2024, stock market indices reached new heights immediately after the election. The bond market? Not so much of a rally, despite the fact that the Federal Reserve lowered their […]
Read More November 19, 2024 The election is over. The Federal Reserve has met and made their decision regarding short-term interest rates. The next question is – where do we go from here? While the Fed has lowered their rates, mortgage rates actually increased leading up to the election and the meeting of the Fed. And this […]
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November 12, 2024 A lot has happened in the past few weeks. First, we had a slew of data showing that the economy is still on solid footing. The advanced estimate of economic growth (GDP) for the third quarter came in at 2.8% — a solid, but unspectacular number. The October jobs report was obviously […]
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November 5, 2024 Today is the day we elect the next President of the United States – along with many Senators and a complete slate within the House of Representatives. Whatever side you are on, it is important that you go out and vote, though nowadays many Americans have voted early. A recent Gallup pole […]
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