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Inflation slowed in November as consumer prices grew by a mere 0.1%, according to the Bureau of Labor Statistics, slower than expected. As we often remind readers, a single month doesn’t make a trend, but taken together, prices have risen by an annualized rate of just 2.5% over the past five months, which is rather close to the desired pace of inflation targeted by the Federal Reserv...
Although the population continues to increase, fewer Americans decided to move in 2022. After a historically low moving rate in 2021, data indicates that even fewer Americans moved across the country last year. But this is not a new trend. Millions of people moved during the pandemic, driven by the opportunity to work remotely, the desire for more space, and better affordability. Nevertheless, ...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...
Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no housing market crash. I realize that’s a bold...
Today, February 20, 2024 Building costs will rise between 3% and 6% throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown. Builders should plan for construction costs to increase throughout 2024 due to a variety of factors, according to a new study released Tuesday by cost management firm Currie and Brown...
