Axioms are truths, and my primary Axiom is that Jobs Are Everything to an economy. Period. What kind of jobs are created or lost make a difference – not all jobs pay the same. Job growth, however, is not systemic across the country by state. Variability in job growth exists across all states at any …Read more
Axioms are truths, and my primary Axiom is that Jobs Are everything to an economy. Period. Job growth, however, is not systemic across the country by state. Variability in job growth exists across all states at any point in time and also within the same state over a time period. As usual, I invoke …Read more
While I always say that jobs are everything, there are also demographics to consider. Unlike most of the economically developed world, the U.S. continues to grow in population – both by births and net migration. The U.S. Census Bureau just released their population estimates for 2018 for the U.S., states and the District of Columbia. …Read more
Millennials remain the largest homebuying segment for the fourth consecutive year in the U.S. As the largest population demographic ever in the country, where Millennials locate, live and work will impact the economic landscape of the country for decades to come. With a median age of 29, Millennials are not at the peak age of …Read more
Having grown up in a small town in Southwestern Colorado that had only one radio station, you listened to whatever music they played – at least until sunset when radio skipwaves bounced off the ionosphere from distant locations into the valley. Whatever the DJ felt like playing is what you heard. One of the DJ’s …Read more
It is only Wednesday and I have already been asked by three parents this week what their kids should study at college in order to obtain a well-paying job upon graduation. While the question seems simple, the answer likely involves several more questions. The cost of obtaining the education necessary for the job varies. Likewise …Read more
We are at that stage of the year when attention flows from turkey, pumpkin pies, cranberries, Black Friday, Cyber Monday, to gifts, bows, decorations and holiday parties and events. Each has a distinct, and for some, short and narrow high season. The same applies to housing sales. Depending on where the house is at (and …Read more
Existing home sales continue a downward decent. Year-to-date sales are down 2.12 percent. Though sales are down, rising prices are compensating lending with the median up 4.9 percent compared to the same period a year ago (based on 12-month moving averages of the monthly median price). As a result, total residential purchase lending (including new …Read more
This is the latest installment of the Must Have quarterly report for those in commercial real estate. For me this is the most timely read quarterly information regarding Commercial Real Estate — Dr. Glenn Mueller’s Real Estate Cycles Q3 2018 report. The report contains valuable information for office, apartment, retail, industrial and hotel commercial real …Read more
Even if you have no mortgage on your home, everyone faces monthly utility bills — except those living off the grid. Depending on where one lives and the type of property (varying with size, climate, energy efficiency, and life style and associated costs), the monthly utility bill can be a material and significant expense. Utilities …Read more