It’s been said that no news is good news. But last week, the Jobs Report brought some good news for the labor market. The headline Jobs Report showed 243,000 jobs created, which was much better than expected. Meanwhile, a whopping 257,000 private jobs were created, also much higher than expected. Upward revisions to November and [...]
The National Association of Realtors® surveys homebuyers and sellers each year to uncover housing trends and monitor changes taking place in the industry. This year’s report highlights a number of trends that haven’t been seen in years. Here are just 11 highlights from the 2011 report. 1. In 2011, 37% of homebuyers were first-time buyers [...]
On the one hand, the housing market still remains uncertain. For instance: Foreclosures will still be a concern in 2012 as a fresh wave will be hitting the market…and that will prevent a broad-based pricing recovery in housing. However, the good news is that the delinquency rates have declined and should continue to do so. [...]
“Happy days are here again.” Milton Ager and Jack Yellen. And while it seems that consumers are certainly feeling happier, not everything that happened last week was cause for song. There was good news last Friday, as the first look at Consumer Sentiment for January came in at 74.0, which is the highest level since [...]
One of the best ways to look at a snapshot of the overall US economy is to look at Gross Domestic Product (GDP), which measures the total production and consumption of goods and services in the US to shed light on the economy’s behavior. Recently, we saw the second of three looks at the US’s [...]