Gross Domestic Product (GDP) is the value of all the goods and service produced. Along with job numbers, GDP is among the best indicators for economic performance. The U.S. saw the largest decline in GDP in history in Q2 2020 due to the pandemic, plunging 31.4 percent on an inflation-adjusted annualized basis. That was followed …Read more
Jobs continue to be recovered since the plunge seen at the onset of the pandemic in 2020. Though the U.S. recouped another 379,000 jobs in February 2021 nationwide, there still remains 9.47 million yet to be brought back. The recovery rate of jobs, however, differs across the country. Various metrics for 380 of the Metropolitan …Read more
The U.S. continued recouping jobs lost a year ago at the onset of the pandemic, with 30 states posting jobs gains from January to February 2021 on a seasonally adjusted basis based on data from the U.S. Bureau of Labor Statistics. Six states posted no change in jobs from January to February while 14 states …Read more
Each month Fannie Mae and the MBA release forecasts (both quarterly and annual) for housing and related lending. This summarizes their latest outlook as of March 2021. Interest Rates Not only do Fannie Mae and the MBA disagree on where interest rates are heading, they even see different average rates last year in 2020. Fannie …Read more
Annual U.S. quarterly median prices for existing home sales peaked in the fourth quarter just twice in the past 20-years: 2002 and 2020. In both years, macro events drove the Q4 median price peak anomaly. The first in 2002 was following the atrocity of 911 and 2020 due to the pandemic. Price peaks in the …Read more
The U.S. brought back another 379,000 jobs in February 2021, but still has yet to recover 9.46 million of the 22.46 million jobs lost in March and April of last year at the onset of the pandemic according to the Bureau of Labor Statistics (BLS). The unemployment rate slipped slightly from 6.3 percent in the …Read more
A home inspection is an essential part of the home buying or selling process. From the buyer’s perspective, a proper home inspection ensures peace of mind by making sure you are investing into a home that is safe to live in. Alternatively, it would also facilitate a transparent transaction, so you know of potential risks …Read more
Are you preparing to list your home on the market this spring? Staging your home for sale can improve the overall value of your home simply by styling it effectively. We’ve previously gone over the basics of how to stage your home, click here to read the blog, however there are other things you can …Read more
As we make our first steps into Women’s History Month, we want to take a moment to celebrate being part of an industry where women are empowered to succeed. Here at Stewart, women are 72% of our employees, and we are inspired each day by the ladies we work with, partner with, and our customers. …Read more
Are you getting ready to sell your home? Making your house look the part is essential to setting a strong first impression with potential buyers. However, where should you start and how do you stage a house for sale while living in it? According to a 2019 report from the National Association of Realtors (NAR), …Read more