The number of job openings in the U.S. rose slightly to 8.1 million in May, despite the impact of rising interest rates.by By Paul Weissman AP Economics ReporterJuly 2, 2024, 10:13 AM• 3 min readWASHINGTON — U.S. job openings rose slightly in May to 8.1 million, despite interest rate hikes aimed at cooling the labor market.The Labor Department said Tuesday that job openings rose from a revised 7.9 million in April, dropping below 8 million for the first time since February 2021. April job openings were down from the 8.1 million initially reported.The number of people laid off rose to…
Author: Private Lending Agent
Author: Allen Buchanan This post originally appeared on Location Advice and is republished with permission. Learn how to submit your blog to theBrokerList.We recently discussed pricingReduction and the factors that cause it. In short, when there is an excess supplyWhen there is a shortage of demand, a shortage also known as an imbalance occurs. This imbalance occurs when:Seesaw – Hedged on either side so that one side is up and the other is down.In our industrial market, the number of tenants needed to fill vacancies isYou've exceeded your available addresses. OK, one way to absorb the excess is toThe most…
Sign up for Chalkbeat Colorado's free daily newsletter to get our latest reporting, plus handpicked stories from other Colorado media, delivered to your inbox.Ten new Denver teachers will receive free rent for a year on a new luxury apartment building on the city's northwest side, a novel but incremental approach to a problem where soaring housing costs are making it difficult for teachers to live close to work.Grand Peaks, a real estate investment firm founded by former employees of Denver Public Schools, is donating 10 apartments in the 533-unit Skyline at Highlands development in Jefferson Park, where teachers can live…
Spencer Pratt [In the investment world, a fact – in and of itself – has little relevance without context and historical reference. When placed in time and amongst shifting trends, valuable insights can be gained above the nominal perception. An investment manager’s perspective, and how they think about and process the facts that everyone can see, can become their competitive differentiator and an alpha generator. This came to mind in a recent discussion with Kevin Rendino and Daniel Wolfe, Portfolio Managers at 180 Degree Capital Corp – a microcap investment firm utilizing a “constructive activism” investment approach and manager of…
I rarely share transaction details on this blog, but I will today. Names and locations will be changed to protect the innocent and the guilty. Once upon a time there was a beautiful loft that was for sale. There were several potential buyers. One couple toured the place 3 times. Their agent said they had an offer and would send it at X time. The seller was notified and waited, but no offer came. The buyer's agent continued to reach out and say multiple times that there would be an offer, but no offer ever came. One day, a near-perfect…
Looking for the latest mortgage rates to help you make a buying or refinancing decision? We can help.Here you can view today's mortgage rates, updated daily based on data from Bankrate, so you have the most up-to-date data when buying or refinancing a home.30-Year Fixed Rate MortgageThe average interest rate on a standard 30-year fixed mortgage was 7.07 percent, up 0.07 percentage points from last week's 7.00 percent.A 30-year fixed rate mortgage is the most commonly sought loan term. A 30-year fixed rate mortgage will have a lower monthly payment than a 15-year fixed rate mortgage, but will usually have…
A former longtime Bureau of Land Management official said there's nothing to prevent the agency from freeing up prime land in the valley to help ease the current real estate crisis plaguing the Las Vegas Valley. Mike Ford, co-owner of Las Vegas-based public lands consulting firm Abbey, Stubbs & Ford, said there are some magic numbers to keep in mind when considering the issue. “We have 2.9 million acres of BLM land in Clark County and that's where we really need to focus because lands managed by other (federal) agencies typically can't be disposed of because they have environmental characteristics…
Macau's residential market, like its commercial property market, saw a recovery in the second quarter. According to Centaline Properties, more than 1,000 home transactions occurred last quarter, double the level from the previous quarter. In April, Macau authorities announced they would lift key restrictions in an effort to boost the sluggish housing market. April and May saw 269 and 346 transactions, respectively, and the upward trend is expected to rise to 450 in June alone. New developments were the primary focus for residential real estate sales last quarter. Centaline Properties said developers appeared to prioritise volume over price during the…
A team of three researchers have published an interesting study on how companies can improve customer service by identifying their customers’ stress levels before they even connect with them. For example, customers often feel uneasy about using certain services, such as a funeral director or divorce lawyer. By better understanding how your customers feel when they call your business, you can better manage their experience, which in turn helps you more effectively build a customer base of referrals and repeat business. Researchers identified the following steps to managing stressed customers: 1. Find out how your customers feel when they need…
Editor's note: We earn commission from Forbes Advisor partner links. Commissions do not influence our editors' opinions or ratings. According to FDIC data, the average interest rate on a savings account has risen steadily in 2023, increasing from 0.33% annual interest in January to 0.46% annual interest as of Nov. 20, 2023. If you put $10,000 away at the current average savings interest rate of 0.46%, it would grow to $10,000 in a year's time. Average interest rate on regular savings accounts APY Comparison When choosing a savings account, compare APYs (high annual percentage yields). The more frequently interest…