Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today
The U.S. Bureau of Economic Analysis has announced that the country’s real gross domestic product (GDP) grew by 4.9% in the third quarter of 2023. This represents a 2.1 percentage point increase compared to the annualized growth rate in the second quarter. For more information, you can read the full report on the U.S. Bureau […]
Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy.
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 […]
Inflation is currently recorded at a year-over-year rate of 3.7%
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 […]
The Rule of 72 is a commonly used mathematical formula that estimates the time it takes for an investment to double its value based on a given interest rate.
The “Rule of 72” is a fundamental principle in investing that estimates how long it takes to double your money. Instead of relying on this rule as a shortcut, there is a more precise logarithmic formula that can be used to determine the time it takes to grow your money at different annualized returns. Check […]
S&P CoreLogic Case-Shiller Index Flat in June
[ad_1] rewrite the content without plagiarism for 1500 words The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 0% annual change for June, 2023. Their 10-City Composite decreased 0.5% and their 20-City Composite decreased 1.2%, year-over-year. However, all 20 major metro markets reported month-over-month price increases for the fourth straight month […]
Real GDP by U.S. State
[ad_1] The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased in 46 states (and D.C) in Q4 of 2022. The percent change in real GDP ranged from 7% in Texas to –4.3 percent in South Dakota. Click here to read the full report at the Bureau of Economic […]
Countries that Hold the Most U.S. Debt
[ad_1] This is certainly something to make you go hmmmm. Today’s infographic from the Virtual Capitalist illustrates how America owes foreign investors of its national debt $7.3 trillion – all in the form of Treasury securities. Interestingly, they point out that central banks often use them for foreign exchange reserves and private investors flock to […]
Consumers are Relying on Credit Much More than in the Past
[ad_1] A new report from Wells Fargo says credit is getting more expensive and likely to become harder to access in the wake of the recent so-called banking crisis. Their report looks at the degree to which credit has sustained consumer spending so far and how diminished access to credit could negatively impact consumer spending. […]
Local Market Monitor’s National Economic Outlook for March ’23
[ad_1] March, 2023 The number of jobs in February was 2.9 percent higher than last year, normally an indicator of strong economic growth, but the increase was 3.3 percent in January, 3.5 percent in December. The rate of improvement is slowing down, which probably means that we’re still counting pandemic recovery jobs as new jobs, […]
Value of Owner-Occupied Real Estate Falls for First Time Since 2012
[ad_1] A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate decreased $0.07 trillion from $43.57 trillion in Q3 2022 to $43.50 trillion in Q4 2022. The Eye on Housing says as home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the […]