Category: Real Estate

• September 22, 2021
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• realestatelife

September 22, 2021 This is #6 of 8 FOMC meetings this year. For release at 2:00 p.m. EDT – This is the time of day nearly all FOMC announcements are made. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its

• September 21, 2021
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• realestatelife

Housing starts rose 3.9% last month to a seasonally adjusted annualized rate of 1.615 million, the Commerce Department said Tuesday. Analysts were expecting 1.555 million starts.

• September 16, 2021
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• realestatelife

Retail sales, a measure of spending at restaurants, stores and online, last month rose 0.7%, according to the Commerce Department. Analysts expected a 0.8% decline.

• August 11, 2021
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• realestatelife

The bipartisan $1 trillion infrastructure bill that recently passed in the Senate will boost GDP just marginally because it includes only $550 billion in new spending to be disbursed over five to eight years, much of which will be paid for with higher taxes. Through 2029 this spending should boost GDP by, at most, 0.30%/year.

• December 7, 2020
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• realestatelife

New Conforming Limits is $548,250.00. New High Cost Areas is $822,375.00. Please call me if you have any questions.

• November 1, 2018
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• realestatelife

U.S. productivity rose at 2.2% annual pace in the third quarter after a strong gain in the spring, marking the best back-to-back performance in four years in a good sign for the economy. Companies increased the amount of goods and services they produced, known as output, by 4.1% in the three months stretching from July

• September 27, 2018
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• realestatelife

The U.S. economy grew as expected in the second quarter, according to a reading Thursday that confirmed that gross domestic product rose at its quickest rate in nearly four years. GDP, the broadest measure of how the economy is progressing, increased 4.2 percent, the Bureau of Economic Analysis reported, the same as expected from economists

• September 26, 2018
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• realestatelife

FOMC Raises their Fed Fund Rate 1/4 point to 2.25% The Fed additionally removed language saying that they are “accomodative”.  12 out of 16 FOMC members see another rate hike in December.

• September 7, 2018
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• realestatelife

The U.S. added 201,000 new jobs in August, a sign the economy was still expanding strongly toward the end of summer. The increase matched the 200,000 estimate. The unemployment rate was unchanged at 3.9%. The biggest news was higher worker pay. The average wage paid to American workers rose by 10 cents, or 0.4%, to

• September 6, 2018
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• realestatelife

Output grew 5% instead of 4.8% as previously reported. The increase in hours worked was raised to 2% from 1.9%, the Bureau of Labor Statistics said Thursday. Unit-labor costs fell a revised 1%, a touch higher than the initially reported 0.9% decline. The most notable change was in manufacturing, whose productivity growth was revised up