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The state of South Carolina is experiencing an influx of retired baby boomers , which could test the capacity of its infrastructure in areas such as health care and transportation services, as well as resources for dealing with isolation and the job market, according to reporting by Charleston-based newspaper The Post and Courier.
With housing inventory reaching a new all-time low the week ending November 28, according to a Redfin report , an increase in new homes, would clearly be welcome. The lion’s share of the month’s employment growth came in the professional and business services (90,000 jobs), and transportation and warehousing (50,000 jobs), sectors.
Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. “While unemployment is still low, the leverage held by workers is weakening,” Bright MLS chief economist Lisa Sturtevant said in a statement. Home sales recorded the lowest activity in 2023 in nearly 30 years.
Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. month over month to $34.69
Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement. in April, with the total number of unemployed persons rising to 6.1
Home prices have never been higher, pent-up demand stronger and housing inventory tighter. This was an important milestone in digitizing government lending, which was roughly a $757 billion market. HW: Falcon Capital regularly works with government agencies in program management and regulation strategy.
Digital forms and solutions are critical for modern transportation teams Transportation is a tough job, and the industry is approaching its toughest week of the year: International Roadcheck. Is your transportation team ready? Don't let inspection forms, checklists, or inventory slow you down during this busy week.
Andrew Cuomo's office suggested last week that such a levy might reap $9 billion for the moribund Metropolitan Transportation Authority over the next decade and Assembly Speaker Carl Heastie reiterated his chamber's support proposal at a Crain's breakfast forum days later. Mayor Bill de Blasio gave it his blessing as well.
Costs for healthcare, transportation, and utilities are near the national average. The government is on board with making an ideal workforce in Columbus – the JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding to improve worker skills and abilities.
Watch for These 8 Sustainability Trends in Commercial Real Estate Sustainable, responsible, and impact investing (SRI) is a powerful investment discipline considering environmental, social, and corporate governance (ESG) criteria when making commercial real estate investment decisions.
Sustainable, responsible and impact investing (SRI) is a powerful investment discipline that considers environmental, social, and corporate governance (ESG) criteria to produce long-term competitive financial returns and a positive impact on society. Watch for These 4 Sustainability Trends in Commercial Real Estate.
The tremendous growth in the creation of infrastructure for the expansion of major cities, water systems, canals for transportation of goods, road and street systems, inevitably required acquisition of private property. Damned if you do, damned if you don’t has become the new normal in the real estate appraisal profession.
Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Single-family inventory stands at 2.5
Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. 11am-7pm ; Sun.
>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales.
Since prices in our area (and many others) have increased this year near or above double digits, the government has agreed to boost the loan limit by an-unheard-of 15% starting Jan. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4
That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%).
THIS LAND IS YOUR LAND Local governments across our state (including North Seattle looking south, pictured) are undergoing a massive review of their land-use regulations in something called a Comprehensive Plan. Falling new inventory is constraining transaction volumes while also supporting higher home prices.
Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Amid unusually low inventory and an anticipated growing buyer pool, the median price of a single-family home will climb beyond $1M in Seattle’s summer months. Oregon turned down $37M from the federal government, AP reported.
COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. This is creating a “tale of two cities” both locally and nationally.
Biden wants homes upgraded through “block grants” – annual sums awarded by the federal government to a state or local body to help fund a specific problem – and through extending and expanding home and commercial efficiency tax credits.
This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024). Economists believe this will likely lead to only a small increase in inventory at the start of 2025 but a welcome boost by spring. Some are critically watching U.S.-global
While there is not a massive backlog of foreclosures waiting in the wings, the inventory of seriously delinquent mortgages has now risen back to pre-pandemic levels while foreclosure inventory is still 34% below pre-pandemic levels and completed foreclosures are still 64% below pre-pandemic levels.
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