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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October 22, 2024 Before every meeting of the Federal Reserve there is a blackout period in which the members have to refrain from talking to the public and the media regarding the state of the economy and their policies. This particular blackout period, which starts in a few days, takes on special importance because it […]
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October 15, 2024 Last week we had the latest inflation readings. The Consumer Price Index was reported to be up 0.2% monthly and 2.4% annually in September. The core readings excluding food and energy were higher. The Producer Price Index was reported unchanged for the month and up 1.8% annually, but again higher at the […]
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October 1, 2024 It is the final quarter of the year. And quite a year it has already been. Mortgage rates moved back near all-time highs in the spring only to start falling in the summer. The National Association of Realtors signed a consent agreement which will change the way that real estate agents will […]
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September 24, 2024 It has been a full two and one-half years since the Federal Reserve started raising interest rates in reaction to the post-pandemic inflation surge. While many expected inflation to react immediately to the Fed’s medicine, the period of higher rates became very drawn out as inflation showed its stubbornness. Thus, the use […]
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September 17, 2024 We have received news that the job market has slowed down – including a major downward revision of jobs over the past year to the tune of 818,000 jobs. We have seen major progress on the war against inflation. The most recent consumer price index came in at 0.2 % monthly and […]
Read More August 6, 2024 We have a very busy few weeks of economic news. While the stock market was reaching record highs in July, the month closed with some important news. As July came to a close, the initial reading of economic growth for the second quarter was released. The 2.8% growth rate was seen as […]
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July 30, 2024 For most of last year, it was apparent that the Federal Reserve wanted the economy to stop growing so fast. Though you would never hear them say that they were trying to force us into a recession, certainly forecasters were predicting a recession. But the recession never came as the economy and […]
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July 23, 2024 A few months ago, we delineated the reasons that listings would start to grow after several years of real estate purchase prospects not being able to find a house. These reasons included long-term demographic factors such as baby boomers wanting to age in place, but finally aging out of their homes. They […]
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