Tag: Economy
-
The Job Market Reaches a Tipping Point as the Hiring Boom Takes a Breather
After a prolonged post-pandemic hiring frenzy, the U.S. labor market is showing signs of cooling. In July, employers added just 114,000 new jobs, significantly fewer than economists had anticipated. The unemployment rate also spiked to 4.3%, the highest level since 2021. Adding to the concerns, the Labor Department recently revised its data, revealing that the…
-
CoreLogic: Homes Sales Are Down, So Why No Recession?
In a surprising twist, the historical link between housing downturns and recessions appears to be weakening. Despite a significant decline in home sales and residential investment in 2023, the broader U.S. economy remains resilient. Unemployment rates are low, and GDP growth is strong, defying traditional economic predictions. Decoupling Housing from the Economy Several factors may…
-
The 10 Most Popular Housing Markets Americans Are Flocking To
If moving to Columbus, OH, is on your to-do list, get your best offers in early because this Midwest city tops the list of the most popular housing markets in the U.S. for 2024. Columbus: A Rising Star Columbus, a bustling college city with a population of over 2 million, has risen to the top…
-
Nearly One-Third of All Apartment Renter Households are Starting Out Singles
In today’s data-driven world, understanding demographic and population trends is crucial for supporting new developments and addressing economic challenges. These insights help allocate resources more efficiently and design more sustainable communities. The study reveals that the typical U.S. apartment renter is 31 years old, earns approximately $73,000 annually, and lives in a 900-square-foot unit. While…
-
$557B Office Wipeout Reveals Diverging Urban and Suburban Markets
A Tale of Two Markets The U.S. commercial real estate (CRE) market is experiencing a significant divide. Central business districts are grappling with plummeting office values, while suburban and high-demand neighborhoods are thriving. From 2019 to 2023, U.S. office values have dropped by a staggering $557 billion, with central business districts suffering the most, seeing…
-
The 10 Markets That Could See the Biggest Home Affordability Gains as Mortgage Rates Drop
Mortgage rates are set to decline, and some areas could see bigger gains in home affordability than others. A new Realtor.com® analysis highlights the metro areas where affordability for the median earner will improve the most if rates drop to 6.3%, which could happen in the coming months. Key Findings The monthly savings on house…
-
America’s 10 Easiest and Hardest Housing Markets for Homebuyers
Navigating the Real Estate Landscape Buying a home today is no walk in the park. Home shoppers face steep challenges, including high asking prices, intense competition, and soaring mortgage rates. However, not all real estate markets are equally grueling. Some areas offer a more favorable environment for homebuyers. The Easiest Markets: Florida Takes the Lead…
-
🎬 Warner Bros. Makes Blockbuster Move in Nevada! 🌟
Warner Bros. Discovery is set to light up the Nevada desert with an $8.5 billion commitment to a long-term studio lease. But this isn’t your typical Hollywood story—it’s a thrilling partnership with the University of Nevada, Las Vegas (UNLV) and Birtcher Development. Together, they’re transforming Nevada Studios into a 34-acre filmmaking hub at UNLV’s Harry…
-
10 Places Where Lower Mortgage Rates Will ‘Unlock’ the Housing Market the Fastest
For several years, high mortgage rates have frozen much of the housing market. Many homeowners who were locked in at prior lower rates remained unwilling to sell and assume a new, more costly mortgage. However, as rates begin falling, a new Realtor.com® analysis reveals the metro areas that could see the earliest signs of thawing…
-
Why Florida Is No Longer the Ideal Retirement Destination
Florida has long been synonymous with retirement dreams: sandy beaches, warm weather, and a laid-back lifestyle. However, recent trends indicate that the Sunshine State is losing its appeal for retirees. Rising housing costs, extreme weather events, and other factors are causing a shift in perception. In this blog post, we’ll explore why Florida may no…
Daniel Kaufman Real Estate 