Author: abenasser

The housing market continues to show positive signs! A new report from CoreLogic reveals a significant increase in homeowner equity across the United States in the first quarter of 2024. This positive trend comes amidst rising home prices and offers welcome relief to many homeowners who were previously underwater on their mortgages. Let’s dive deeper into the report’s findings and explore what they mean for the current housing market. Homeowner Equity Surges! US Sees $1.5 Trillion Gain in Q1 The CoreLogic Homeowner Equity Insights report is a quarterly publication that covers homeowner…

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The Consumer Price Index (CPI) eased in June, according to the latest figures from the U.S. Bureau of Labor Statistics, released July 11. The all-items index increased 3.0 percent over the past year before seasonal adjustment, compared with May’s 12-month jump of 3.3 percent. Inflation is substantially lower now than at its high point of 9.1 percent in the summer of 2022, still short of the Federal Reserve’s stated goal of 2 percent but getting closer. “Progress has been made on inflation, down significantly from the peak,” says Mark Hamrick,…

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(The Center Square) –  The Rockford area real estate market is booming, with jobs and property tax rebates playing key roles. Northwest Illinois has employment opportunities in aerospace manufacturing and in three hospital systems. Stellantis plans to reopen the former Chrysler plant in Belvidere, although the timeline for the project remains uncertain. A new casino is scheduled to open in late August. According to Northwest Alliance of Realtors CEO Conor Brown, Rockford has an incredibly small inventory of housing for the number of jobs coming to the area. “Our days on-market…

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In June 2024, 34 million out of 154 million U.S. workers aged 16 and older were engaged in remote work, roughly half of whom had a telework quota of 100 percent as per U.S. Census Bureau data. The increasing acceptance of hybrid or fully remote work in a variety of industries coupled with many companies applying cost-cutting measures after pandemic growth spurts has led to a jump in vacant office spaces in the United States. Preliminary data from Moody’s commercial real estate market analysis for the second quarter of 2024…

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