In April, jobs numbers cooled after months of surprising growth

The US economy added fewer jobs than expected in April, signaling that months of surprising growth may finally be slowing.  The Bureau of Labor Statistics reported that employers added 175,000 new jobs in April, well below economists’ expectations of around 240,000...

Five Things to Watch For in March’s Retail Sales Report

The U.S. Census Bureau will release its monthly retail sales report on Monday. Economists surveyed by Bloomberg expect a 0.4 percent gain in retail sales for March. Thus far, retail sales have trended softer this year than in 2023, with an unexpected 1.1 percent drop...

In the Hunt for Affordable Housing, Americans Are Heading South

Jay, a tech executive from Virginia Beach, had simple criteria for where he wanted to live: somewhere with a solid tech presence, decent weather and spacious, reasonably-priced housing. He was stunned by the high cost of homes in places like Seattle and San Francisco....

Veterans Not Priced Out Of Expensive Markets Due To New Loan Rules

San Diego, home to 300,000 active or retired military, and a close to $1 million median area home price, has seen veterans emerge as highly competitive buyers thanks to changes in the VA loan program. Vanya Cook-Letoud, 38, is in rare company: a homeowner twice over...

Rising Inflation Makes Fed Interest Cuts Unlikely in the Near Term

Consumer prices rose slightly faster in February, a signal for the Fed to hold cutting interest rates. Prices rose 0.4% from a month earlier in January and increased 3.2% from a year ago, according to the Labor Department. That rise in prices was slightly higher than...

The CHIPS Act is poised to bring more jobs to New Mexico. It’s unclear how that will affect the local housing market. 

Embed from Getty Images A manufacturing boom in New Mexico is likely to bring jobs and growth to the state – but it may also exacerbate an existing housing crisis. The boom is partially due to the Biden administration’s 2022 CHIPS and Science Act, which is aimed at...

Black business owners struggle as lending standards remain tight

Fashion stylist Daun Green started her company Dusk ‘Til Dawn in her home in 2015. However, as she booked more film and photo shoots and found herself carrying more supplies, she knew she needed a change of pace–a truck and a showroom. Green decided to apply for a...

Record Home Prices Close Out 2023; Up 5.5%

 Home prices ended 2023 at a record high as limited inventory inched prices up and buyer confidence grew thanks to a modest reduction in mortgage rates.   The December S&P CoreLogic Case-Shiller Indices capped a year that started slowly but ultimately saw growth...

Durable Goods orders drop steeply in January in sharpest decline since the pandemic

The reduction in new orders suggests the manufacturing sector is still in a recession US durable goods orders declined more than expected in January, a sign that the manufacturing sector has not yet begun to recover from two years of stalled growth. Overall orders for...

January Retail Sales Show Unexpected Decline, Though Downturn Remains To Be Seen

 US retail sales dropped more than anticipated in January, a sign of economic slowdown, but not necessarily a sign of oncoming recession. January retail sales declined a seasonally adjusted 0.8 percent according to a Census Bureau report on Thursday, lower than the...

Five Things to look for in the trade report

The upcoming trade report will reveal the health of the trade balance in March.    It will also tell if exports and imports continue to increase which will point toward the strength of the consumer economy.   Rising imports   Imports have seen a steady...

Case-Shiller: 5 Things To Watch For

The S&P CoreLogic Case-Shiller report, which measures home prices nationally, is set to be released on Tuesday. After a record-breaking year in 2023 - home prices rose 5.5% to close out last year -  economists are confident Tuesday’s report will continue to show...

Categories