Research Center
Economy Watch: Economy Creates 288K Jobs
The U.S. economy created a robust net of 288,000 jobs in June, according to the Bureau of Labor Statistics.
Economy Watch: Home Price Increases
In yet another metric confirming that home prices nationwide are still increasing but not as fast, CoreLogic reported that home prices, including distressed sales, increased 8.8 percent in May 2014 compared to the same month a year ago.
Cleveland Apartment Construction Reaches Five-Year High
More and more people are moving to the Cleveland metro area, attracted by the steady economic growth and the new development in the city’s downtown, where developers are building everything from hotels, to retail, to housing.
‘Economy Watch’ Podcast with Dees Stribling: The Economy Disappoints
The economy disappoints in the first quarter.
Economy Watch: Pending Home Sales Spike in May
Pending U.S. home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors.
Economy Watch: Consumers Feeling Better
The University of Michigan reported that its consumer sentiment index edged up to 82.5 at the end of June, compared with a mid-June reading of 81.2 and an end-of-May reading of 81.9.
Economy Watch: Personal Income, Spending Up in May
The Bureau of Economic Analysis reported that U.S. personal income was up $58.8 billion, or 0.4 percent, in May compared with April.
Economy Watch: GDP Drops Through Floor in Q1
Real gross domestic product decreased at an annualized rate of 2.9 percent in the first quarter of 2014 according to the third and final estimate by the Bureau of Economic Analysis.
Economy Watch: Home Prices Rises Slowing Down
According to the latest S&P/Case-Shiller Home Price Indices the 10-city and 20-city composite indexes were up 10.8 percent year-over-year in April.
Philadelphia Apartment Market Slightly on the Rise Despite Sluggish Economy
With the large number of fresh graduates from local colleges and universities expected to boost employment by fall, Philadelphia will continue last year’s positive development in both payrolls and apartment operations.