National Economic OutlookBy Ingo WInzer October, 2023 Although the national economy is experiencing a job growth rate of 2 percent, a closer look reveals some concerning trends. In sectors such as manufacturing, finance, and retail stores, job growth is below 1 percent. The restaurant industry is an exception with a high job growth rate of […]
According to the latest Yardi Matrix Multifamily Report, the average rent for multifamily properties in the United States was $1,722 in September 2023. Despite challenges such as rising energy costs and higher interest rates, the market remains strong overall due to strong job growth and household formation. However, there are concerns about the potential impact
Yardi Asserts Multifamily Sector’s Strength Amidst Obstacles Read More »
The U.S. Bureau of Labor Statistics has released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in September 2023. The overall index showed a 3.7% increase for the 12 months leading up to September, which was the same as the previous month. The rise in the index
Inflation is currently recorded at a year-over-year rate of 3.7% Read More »
According to The Daily Infographic, fast-food chains have become a significant part of American culture with a wide variety of options for everyone. The infographic ranks the most popular chains based on their average sales per store. Chick-fil-A takes the top spot, known for its efficiency and crowded lunchtime lines. Check out the infographic for
1. Asheville, North Carolina: Known for its stunning mountain views and vibrant arts scene, Asheville offers a reasonable cost of living and affordable housing options for retirees. 2. Prescott, Arizona: With its mild climate and breathtaking natural beauty, Prescott is an ideal retirement destination that won’t break the bank. The city also boasts a low
Top 10 Retirement Towns That Offer Great Affordability Read More »
According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns. By reducing
NAR’s Yun Advocates for Capital Gains Tax Cut to Benefit Small Investors Read More »
According to the Visual Capitalist, many people consider themselves to be middle-class, but in reality, a significant portion of them are actually part of the top 1% in terms of income. SmartAsset data shows the household income required in each state to be part of this exclusive group. Take a look at today’s graphic to
The latest report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index revealed a 1% annual change in home prices for July 2023. The 10-City Composite saw a 0.9% increase, while the 20-City Composite had a 0.1% increase compared to the previous year. Additionally, 19 out of the 20 major metropolitan markets reported
The S&P CoreLogic Case-Shiller Index records a rise in July Read More »
According to a report by Statista, gasoline prices in the United States vary significantly. Factors such as state-specific transportation and distribution costs can lead to higher prices in states like Alaska and Hawaii. Additionally, state taxes also play a significant role in determining gasoline prices, as seen in high-tax states like California. Interestingly, the current
Finding the most affordable and expensive gas prices Read More »
According to the U.S. Government, new single-family home sales in August 2023 were at a seasonally adjusted annual rate of 675,000, which is 8.7% lower than the revised rate for July and 5.8% higher than the previous year. The median sales price for new homes sold in August was $430,300, with an average sales price
The August report reveals a decline of 8.7% in new home sales. Read More »