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Americans Love Driving

Citing government data, Statista says approximately nine out of ten trips were undertaken with either a car, an SUV, a pickup truck or...
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Real Estate

Unemployment Rate Remains Above 4% in September

According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 254k in September, 2024 with the...
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Real Estate

Census Bureau Says Nearly Half of Renter Households Are Cost-Burdened

We have continued to see rising shelter costs in the inflation data we’ve posted.  Now a new report from the U.S. Census Bureau...
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Real Estate

U.S. Construction Spending Down Slightly Again in August

The U.S. government is reporting that total construction spending in August, 2024 was at a seasonally adjusted annual rate of $2,131.9 billion, which...
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Real Estate

America’s Growing Hispanic Population

The U.S. Census Bureau reminds us that Hispanic Heritage Month (September 15 to October 15) celebrates the contributions of Americans tracing their roots...
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Real Estate

Local Market Monitor’s National Economic Outlook for September ’24

National Economic OutlookBy Ingo WInzer September, 2024 In order to combat inflation, the Federal Reserve raised interest rates sharply in 2022. This was a desperate...
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Real Estate

Despite Rising Inflation, Americans Keep Spending

Statista says with inflation continuing its stubborn advance, Americans keep on spending.  Citing Census data, today’s graphic illustrates this quite nicely by showing...
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Real Estate

California Homeowners Sue City over $20k Inclusionary Zoning Fee

It was just about a year ago that we learned that California was encouraging the development of ADUs (accessory dwelling units).  However, in...
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