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Category Archives: Economic News

What Price Ranges Are Most Affected by the Inventory Shortage?

Price Ranges Feeling the Inventory Shortage You’ve heard the expression, “A picture is worth a 1000 words”. How true! The graphic above was shared recently at the National Association of Realtor’s Residential Economic Issues and Trends Forum at the trade group’s midyear conference, the Realtors Legislative Meetings, which has attracted some 15,000 attendees. The homes in […]






Why Today’s Options Will Save Homeowners from Foreclosure

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and […]



Latest Unemployment Report: Slow and Steady Improvement

Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were added, and the unemployment rate fell to 10.2% (from 11.1% […]