Economic update for the week ending February 17, 2018
Key index shows inflation picking up – The Labor Department reported on Wednesday that the Consumer Price Index rose 0.5% last month. Economists had expected a 0.3% jump. Core CPI which strips out food and energy, as they tend to be more volatile, rose 0.3% in January. Although that was the largest month over month increase since last January the year over year ...
Economic update for the week ending January 13, 2018
Stocks continued to rally this week – Yesterday, The Dow gained 228 points after Wells Fargo announced that the new tax law would result in a $3.35 billion tax reduction. As companies estimate the tax savings, investors are seeing the magnitude in which profits will increase due to a reduction from 35% to 21% in ...
Tax reform as it relates to the real estate industry
Some last minute changes to tax reform will benefit some Realtors, real estate investors, and homeowners were added to the final bill. These are the main areas of concern people have about tax reform as it relates to the real estate industry. These changes begin in the 2018 tax year. 1. The capital gains exclusion ...
Economic update for the week ending December 9, 2017
U.S. Economy adds 228,000 new jobs in November – The Labor Department reported that 228,000 net new jobs were added in November. That beat analysts expectations of 195,000 new jobs. The unemployment rate held at 4.1%, a 17 year low. Average hourly wages rose just 2.5% from one year ago. Wage gains have been sluggish for several years. Experts had hoped that a tighter ...
Economic update for the week ending August 19, 2017
Stocks drop for second week – Political drama and a terrorist attack in Barcelona weighed on investors and were attributed by analysts as the cause of stocks to fall this week. Stocks are now off about 2% from their all time highs just two weeks ago. The Dow Jones Industrial Average ended the week at 21,674.51, down from ...