With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction. Continue reading
Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday by U.S. Bureau of Economic Analysis. Continue reading
Hits to broker commissions and home construction drove a decline in real estate gross domestic product in the third quarter of the year, new data shows. Continue reading
The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading
NYC leads the pack, no surprise, with LA, SF, Chicago, and Dallas all in the top 10 of LendingTree’s new analysis. Continue reading