In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications and GDP. The number of people … [Read more...]
GDP Forecast
With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform. This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring. The long-term historical average GDP … [Read more...]
Economy Advances 2.2 Percent in 2012
Based on early estimates, economic activity closed 2012 on a mixed note. Though gross domestic product grew at 2.2 percent for the whole year, the fourth quarter results were disappointing, showing a 0.1 percent decline. A large 22.2 percent cut in … [Read more...]
Latest GDP Surprise
Third quarter economic activity grew at 2.0 percent, which is decent but still subpar compared to the historical norm. Gross Domestic Product (GDP) generally grows by three percent on average and should be growing closer to four to five percent … [Read more...]
Jobless Claims, GDP Growth
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims and GDP growth. Two pieces of economic news … [Read more...]
