Visualizing the $94 Trillion World Economy
The Visual Capitalist says just 4 countries (the US, China, Japan, and Germany) make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. Interestingly they point out that the GDP of the U.S. alone is greater than the combined GDP of 170 cRead More
Sawmill Output Continues to Hamper Home Construction
We recently posted about soaring lumber prices and their impact on the cost of a new home, not to mention many other segments of the industry that uses the input. So what are some of the contributing factors? A recent report from the NAHB’s Eye on Housing says that the faRead More
United Van Lines Says Americans are on the Move to Lower-Density Areas
According to United Van Lines 45th Annual National Movers Study, Americans were on the move to lower-density areas and to be closer to their families throughout 2021. Interestingly, they found that many Gen Xers are retiring (often at a younger age than previous generations), joRead More
Your Short-Term Rentals Can Generate 6x Gains
Your Short-Term Rentals Can Generate 6x Gains by David Pickron Rarely in life can the quick version of anything ever compete with the more time intensive “real deal.” Think of any instant food and you will quickly realize that I’m telling the truth. The same had held true for Read More
Emergency Rental Assistance Funds Spent Through November
We’ve had many posts about the slow rollout of the government’s Emergency Rental Assistance Program. A recent update from the U.S. Department of Treasury (reported by the Mortgage Bankers Association) says $ 10.4 billion of ERA1 funding and $ 18.7 billion of ERA2 funRead More
Mortgage Rates Rise Significantly
According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows rates on types of loans have been rising with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from the prior week. Read More