Browsing Posts In: Economy

January 5, 2017 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Mortgage rates have risen since the election of Donald Trump, from 3.5% to the recent 4.2%. Bond investors are perceiving an economic stimulus package to uplift the economy. More business activity, greater commerce, and faster job growth are certainly good news, which thereby also no longer justifies the ultra-low interest rate environment of the past […]

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November 10, 2016 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress? Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals.  Here are my thoughts on how certain real estate issues may play out under President Trump and […]

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August 6, 2015 Posted by: NAR

This blog post was written by Erin Fitzpatrick. Erin is a Summer Research Intern and is currently studying at George Washington University pursuing a B.S. in Economics and a B.A. in Political Science. The latest data from Bureau of Economic Analysis[1] shows that the Real Estate Industry accounted for $366.6 billion in California. This constitutes around […]

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January 12, 2015 Posted by: Scholastica (Gay) Cororaton, Research Economist

Crude oil prices are now trading at slightly below $50/barrel resulting in steep declines in gasoline prices. As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20 /gallon, the lowest since gas prices peaked to about $ 4/gallon in May 2011. In its December 2014 […]

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November 28, 2014 Posted by: Jessica Lautz, Director, Member and Consumer Survey Research

Black Friday, for some shoppers, is a holiday in itself. Deals are scouted out in advance, with a schedule drawn up of where to shop based on store openings. Vehicles are arranged strategically, in order to hold on to the merchandise, and child care is taken care of. It can start on Thanksgiving itself, in […]

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November 25, 2014 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

There has been a boom in total production in the U.S. as the third quarter GDP grew at a 3.9 percent annualized rate.  This growth is on top of the 4.6 percent expansion in the second quarter.  Such a boom, if it can be sustained, could yield fast job gains and higher wages. Unfortunately, GDP […]

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Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

There has been a boom in total production in the U.S. as the third quarter GDP grew at a 3.9 percent annualized rate.  This growth is on top of the 4.6 percent expansion in the second quarter.  Such a boom, if it can be sustained, could yield fast job gains and higher wages. Unfortunately, GDP […]

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November 18, 2014 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering at zero growth.  China has markedly slowed down, no longer roaring at a 10 percent clip.  […]

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October 31, 2014 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The broadest measurement of the U.S. economy (GDP) expanded solidly in the third quarter at a 3.55 percent annualized rate.  This  marks two straight quarters of robust growth.  Growth at this rate can accelerate future job creations.  Still, we are missing consistency.  The first quarter was negative.  For the year as a whole in 2014, […]

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September 26, 2014 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The economy grew solidly in the second quarter, expanding at a 4.6 percent annualized rate. Business spending and residential investment from new home construction are leading the way. Such a fabulous growth rate, if it can be sustained, will mean fast-paced job creation and meaningful wage growth. Unfortunately, the latest pop in GDP looks to […]

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