“It feels like everything is closing in around us,” Anissa Camacho, a 26-year-old florist in Bethlehem, Penn., told the Financial Times.
Tag: U.S. Economy
Post
ECONOMIC UPDATE – MARKET OVERVIEW
One of the latest on an economic downside in the U.S. is the Apartment List report showing that the median rent for apartments in what used to be “The Land of Opportunity,” fell 1 percent last month from October, and is down for the fourth month in a row.
Post
U.S. ECONOMY IS NOW DEPENDENT ON AI SPENDING
Investment in artificial intelligence (AI) programs and infrastructure accounted for as much as half the U.S.’s economic expansion during this year’s first half, according to The Wall Street Journal. At the same time, investments in AI-related stocks have soared in value, vastly multiplying the household wealth of many Americans.
Post
TOP TREND 2023: OFFICE BUILDING BUST
A few iconic business districts such as Manhattan’s Park Avenue and the South of Market district in San Francisco are leading the recovery in office real estate, with rents and new leases on the rise.
Post
OCTOBER HOME SALES ARE MOST SINCE FEBRUARY
In October, sales of U.S. homes increased 1.2 percent from September, “signaling how even a small decline in mortgage [interest] rates will attract some buyers back to the market,” The Wall Street Journal noted. Sales were up 1.7 percent year on year.
Post
SEPTEMBER’S JOBS REPORT IS A PLEASANT SURPRISE
The U.S. economy created 119,000 nonfarm jobs in September, according to the Bureau of Labor Statistics’ September jobs report, delayed seven weeks by the government shutdown.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
Today, when the U.S. equity markets opened, the Dow was down more than 100 points, the tech-heavy Nasdaq was down 1 percent and S&P 500 was down 0.7 percent.
Post
THE AMERICAN MIDDLE CLASS IS BURNED OUT
“Life felt more doable a year and a half ago,” college communications officer Holly Frew said in a Wall Street Journal interview last week.
Post
DEMAND FOR MORTGAGES SURGED IN NOVEMBER’S FIRST WEEK
During the week ending 7 November, mortgage demand increased the most since September, the Mortgage Bankers Association (MBA) said, ending the year’s home-selling season on a high note.
Post
CASH -STRAPPED ELDERS TURN TO REVERSE MORTGAGES
Older Americans, finding their savings and Social Security incomes are not keeping up with expenses, are increasingly taking out reverse mortgages on their homes, the Financial Times reported.