One Step Forward, Two Steps Back — Retail Sales December 2020

Retail sales typically make up 70 percent of GDP and thus are the core of the US. economy.  On a seasonally adjusted basis, retail sales dipped 0.7 percent sequentially from November, making it the third consecutive monthly decline as the pandemic increased intensity.  On a year-over-year basis, however, sales were up 1.6 percent – after …Read more

Our 2021 Guide to Working from Home | Stewart Title Blog

For those able to work remotely, finding the right work/life balance is essential. Here at Stewart, many of our associates began working remotely in 2020 in order to keep a safe environment for all. As we enter the new year, we wanted to take a moment to highlight what we like to do to stay …Read more

Housing Sales Buoyed by Record-Low Interest Rates

Housing today has the greatest intrinsic and price values in our lifetimes as we spend more time than ever before at home.   Median home prices rose a phenomenal 14.5 percent to $310,800 in the 12-months ending November 2020 according to the National Association of Realtors (NAR), with year-over-year sales of existing properties up 25.8 percent.  …Read more

MSA Job Metrics – November 2020

Jobs are everything to the economy and to the ultimate demand for real estate.  Period.  U.S. job numbers have been on a wild roller coaster ride since the pandemic, with the country still shy 9.8 million jobs when compared to February of this year.  The loss and recovery rates of jobs have not been uniform …Read more

State Job Growth & Loss Rates – November 2020

More than 60 percent of the states and the District of Columbia (32 out of the 51 total) added jobs from October to November based on seasonally adjusted job numbers as reported by the U.S. Bureau of Labor Statistics (BLS).  The first table shows the percentage change, ranked from best to worst.  While Hawaii posted …Read more

MSA Employment Metrics – October 2020

Jobs are everything to the economy.  Period. The latest summary metrics of employment as of October 2020 as reported by the U.S. Bureau of Labor Statistics (BLS) are included in the following tables.   Included are 380 Metropolitan Statistical Areas (MSAs) having monthly data and are based on seasonally adjusted employment numbers  allowing an apples-to-apples comparison …Read more