Category Archives: The Economy

Residential Refinance and Purchase Lending Forecast Update — November 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  Two of the three have just released quarterly …Read more

State Gross Domestic Product Q1 to Q2 2017 Compound Annualized Growth Rates — The Most Comprehensive Measure of Economic Activity

The total value of all goods and services produced, expressed in inflation-adjusted dollars, is defined as the Real Gross Domestic Product (Real GDP) and is the most comprehensive measure of economic activity.   Naturally there is recurring systematic variability based on the respective quarter of the year and massive differences from state-to-state in addition to general …Read more

State Employment Changes October 2017

Jobs are everything to an economy.   Period. So goes the number of jobs, so goes (in general) the demand for housing, commercial real estate and the overall performance of the economy.  Naturally other factors such as taxes (or the lack-thereof), location, natural resources and external factors alter all of this, but the ultimate measure is …Read more

State Business Tax Environment 2018 — Tax Foundation

This annual blog begins as it was ended last year:  Just as words have meaning, taxes have economic ramifications.    Each state varies in one form or another in how they fund state government and also in how much government they fund.  Big government requires big funding, and vice-versa.  As usual, I invoke the TINSTAANREM axiom …Read more