Economic Archives

Fed holds rates steady amid mixed economic signals

June 13, 2024 mpsingh No Comments Real estate Economic, Featured Homepage, Fed, Federal Open Market Committee, Federal Reserve, holds, inflation, Jobs Report, mixed, mortgage rates, Mortgage Rates Center, rates, signals, Steady

As expected by virtually all market participants, the Federal Reserve maintained its short-term policy interest rate between 5.25% and 5.5% at its June meeting that concluded Wednesday afternoon. That’s the seventh consecutive time policymakers with the Federal Open Markets Committee (FOMC) kept the rates unchanged, reflecting mixed signals from the leading U.S. economic data. Job [...]read moreFed holds rates steady amid mixed economic signals

As the VA loan turns 80, its economic impact is in the trillions

June 12, 2024 mpsingh No Comments Real estate Department of Veterans Affairs, Economic, HWmember, Impact, loan, trillions, turns, Veterans United Home Loans

“The economic impact analysis considers what the economy would have looked like if the VA loan hadn’t existed,“ the report explained. “It found the loan program has withstood various market changes, accounting for as much as 11% of new home mortgages in the postwar building boom. Total VA loan volume in 1947 was more than [...]read moreAs the VA loan turns 80, its economic impact is in the trillions

The Economic Potential Of Generative AI: Pros And Cons

May 24, 2024 mpsingh No Comments Education Cons, Economic, generative, potential, Pros

The Economic Potential And Global Impact Of Generative AI Generative AI (gen AI) has completely revolutionized how professionals work, communicate, and complete daily activities. According to research, the economic potential of generative AI is massive as it will increase its impact by 15%-40%, which is equivalent to $2.6 to $4.4 trillion. The four areas the [...]read moreThe Economic Potential Of Generative AI: Pros And Cons

Economic Pessimism Peaks, So Why Are Investors Still Buying?

May 16, 2024 mpsingh No Comments Real estate buying, Economic, investors, Peaks, Pessimism

The unemployment rate begins to rise as job growth slows in the latest jobs report, prompting many to wonder, “Will this finally lead to interest rate cuts?” With so many investors waiting and hoping for rates to fall, this metric may point to exactly what the Fed is looking for. But while waiting for rate [...]read moreEconomic Pessimism Peaks, So Why Are Investors Still Buying?

The economic impact of the Paris Olympics estimated at between 6.7 and 11 billion euros over 17 years

May 15, 2024 mpsingh No Comments Beauty billion, Economic, Estimated, euros, Impact, Olympics, Paris, Years

By Reuters Published May 15, 2024 The economic impact of the Paris 2024 Olympic and Paralympic Games in the Île-de-France region is estimated at between €6.7 billion for the low scenario and €11.1 billion for the high scenario over a 17-year period (2018-2034), according to a study published on Tuesday by the Centre de droit [...]read moreThe economic impact of the Paris Olympics estimated at between 6.7 and 11 billion euros over 17 years

Why Economic Growth Is Wrecking Real Estate Opportunities

April 27, 2024 mpsingh No Comments Real estate Economic, Estate, growth, Opportunities, Real, Wrecking

In this article Mortgage rates recently rose above 7% for the first time this year, bringing an already glacial housing market to a standstill. The news has hit investors like a horror movie jump scare after we’d thought the worst was behind us. A robust economy is partly to blame. During the pandemic, when U.S. citizens feared [...]read moreWhy Economic Growth Is Wrecking Real Estate Opportunities

7 Strategies To Turn Today’s Bad Economic News Into More Deals

April 20, 2024 mpsingh No Comments Real estate Bad, deals, Economic, News, Strategies, Todays, turn

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. As the real estate industry reels from the chaos created by the commission lawsuits and the new Federal Communications Commission (FCC) rules upending the [...]read more7 Strategies To Turn Today’s Bad Economic News Into More Deals

Disappointing Economic News Hampers Early Spring Homebuying Activity

April 5, 2024 mpsingh No Comments Real estate activity, Disappointing, early, Economic, Hampers, Homebuying, News, Spring

Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual increase in seven weeks (+8.4 percent). Join the movement at Inman Connect Las Vegas, July 30 [...]read moreDisappointing Economic News Hampers Early Spring Homebuying Activity

Economic conditions in debt-stricken Sri Lanka improving, IMF says | Debt

March 22, 2024 mpsingh No Comments News Asia, Business and Economy, conditions, debt, debtstricken, Economic, economy, IMF, improving, Lanka, Sri, Sri Lanka

IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund (IMF) has said. Inflation has come down from a peak of 70 percent in 2022 [...]read moreEconomic conditions in debt-stricken Sri Lanka improving, IMF says | Debt

China glimpses “favourable” economic trend despite hurdles

March 20, 2024 mpsingh No Comments Beauty China, Economic, favourable, glimpses, hurdles, trend

Translated by Nicola Mira Published Mar 7, 2024 On Wednesday, the top policy-makers in charge of China’s economy expressed confidence that the Asian giant will recover this year, despite headwinds that continue to hamper its growth. Zheng Shanjie, chairman of the National Development and Reform Commission, the agency that runs China’s macroeconomic policy, at the [...]read moreChina glimpses “favourable” economic trend despite hurdles