Tag: nov 16 2021

The projected risk-adjusted annual rate of return on single-family homes built to rent is about 8 percent, the best investment performance among 18 real estate sectors, according to real estate advisory service Green Street. Soaring home prices and required large cash down payments have squeezed families out of the home-buying market that would have qualified...

Since 2011, the median U.S. home price increased about 30 percent, while incomes grew only 11 percent, according to Bankrate’s analysis of data from the National Association of Home Builders / Wells Fargo Housing Opportunity Index. Since 1971, after factoring in inflation, the price of the average home is up 118 percent, but incomes have...

Homes listed for sale from 1 July 2020 through 30 June 2021 spent a median of one week on the market before going under contract, according to a survey released 11 November by the National Association of Realtors (NAR), a record median sales speed dating back to 1989. In the COVID War, home buyers working...

The median price for a U.S, single-family home in 2021’s third quarter reached $363,700, 16 percent higher than a year earlier and the fastest rate of increase since 1968, the National Association of Realtors (NAR) reported. Prices were up in 182 of the 183 metro areas the NAR monitors, the association said, with 142 of...

Companies making industrial robots fielded orders for about 29,000 machines worth $1.48 billion this year through September, besting 2017’s record of $1.47 billion set over the same period and speeding past the $1.09 billion worth of robots sold in the first nine months of last year, according to the Association for Advancing Automation (A3).  “With...

About 4.43 million Americans quit their jobs in September, which is the most on record since December 2000, in a shift that some have called “The Great Resignation,” according to the Labor Department.  The resignations were seen as a positive sign for the jobs market due to the optimism these workers have that they’ll land...

On 5 November, 11.2 million U.S. jobs stood vacant, 50 percent more than the 7.4 million unemployed American workers, according to employment website Indeed. Three percent of the entire labor force—about 4.4 million workers—quit their jobs in September, a record number. More than 10 million jobs have remained open since June, the U.S. labor department...

The food price index rose at an annual rate of 31 percent in October due to a plethora of reasons, including droughts, bad weather, and global supply chain issues. Henryk Kowalczyk, Poland’s agriculture minister, told the Financial Times that a global “food prices crisis” could be looming and could contribute to the strain on the...

On 10 November, the day the U.S. Bureau of Labor Statistics reported that October’s inflation rate spiked to 6.2 percent, the U.S. bond market finally seemed to take note of rising prices. After showing no awareness of inflation for months, both short-term and long-term treasury bonds fell in price and yields for both rose. As...

October’s U.S. inflation rate sped to 6.2 percent, its fastest since 1990, as prices rose throughout the economy, touching everything from groceries to cars as consumers continued spending without restraint. The Consumer Price Index (CPI) gained 0.9 percent from September. October marked the fifth consecutive month in which inflation grew by at least 5 percent,...