Economic Updates
Tuesday, June 23
Last Week in the News-------------------------------------------------------------------------------- Construction of new homes and apartments jumped 17.2% in May to a seasonally adjusted annual rate of 532,000 units. The increase was led by a 62% rise in the construction of multifamily units. Co...
Economic Updates
Monday, June 15
Last Week in the News-------------------------------------------------------------------------------- On Tuesday, June 9, the Commerce Department said wholesalers reduced their inventories by 1.4% in April following a 2.4% drop in March. Economists had forecast a 1.1% decrease in April. It was t...
Economic Updates
Monday, June 08
Last Week in the News -------------------------------------------------------------------------------- On Monday, June 1, the Commerce Department reported total construction spending unexpectedly rose 0.8% in April. Economists had expected a 1.2% decline. It was the biggest gain since August 20...
Rehabbers Take Notice… Market Changes
Wednesday, June 03
The real estate industry has recently reported that the size of the average American home has shrunk by 11% in the past year. To me this is important and welcomed news. I have been steaming over young couples with no children turning their noses up to houses that are bigger than the home where ...
Economic Update: Things Are Looking Up.
Monday, June 01
Last Week in the News On Tuesday, May 26, the Conference Board reported that its consumer confidence index rose to 54.9 in May from an upwardly revised 40.8 in April. It was the biggest increase in six years. Economists had expected an increase to 42.3. The index was benchmarked at 100 in 1985...
Realtor Bloggers beware of the latest NAR Rule
Monday, June 01
Here is something that is sure to become a big mess, but all of you licensed realtors and brokers should know this and keep it in mind while you blog and network. The following text is from the Commentweatlthonline.Bloggers and Web site owners: NAR's holding you responsibleIf you're a Realtor® bl...