by Max Rivera | Mar 7, 2024 | Featured, Housing
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...
by Elisa Muyl | Mar 4, 2024 | Featured, Manufacturing
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...
by Jiana Smith | Feb 21, 2024 | Featured, Retail
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...
by Laura Turbay | Feb 20, 2024 | Featured, Inflation
Consumer price data surprised economists with a surge in prices for services, underscoring the bumpiness of the road towards slower inflation. Prices rose 3.1% in January from a year earlier, compared to 3.3% in December, the Labor Department said Tuesday. That was...
by James Van Bramer | May 20, 2023 | Featured, Personal Income
Kat Logan moved into a spacious studio apartment in Gramercy Park in 2018 for $2,500. During the pandemic, her rent held steady. Now, Logan is considering leaving New York City because of skyrocketing rents. “There’s this thought at the back of my mind...
by James Van Bramer | Apr 28, 2023 | Featured, Personal Income
Economists predict a slight decrease in Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, and a modest dip in consumer spending, in March’s personal income report set for release Friday. The predicted slowdowns...
