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'Severe' Blue-Collar Worker Shortage To Worsen As Baby Boomers Retire

Blue-collar industries like manufacturing and construction are facing a "severe" worker shortage that will only get worse as young people fail to fill positions vacated by retiring baby boomers...

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U.S. Foreclosure Activity Up 13 percent In January 2020

Foreclosure Starts Decrease Nationally, While REOs Increase From a Year Ago. There were 60,085 U.S. properties with foreclosure filings in January 2020, up 13 percent from December 2019 and up 7 percent from a year ago. Nationally, one in every 2,270 U.S. properties received a foreclosure filing during the month of January.

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Great Recession Recovery Recorded Across the Nation

Analysis by LendingTree reveals that while the housing market has mostly recovered since the Great Recession, the homeownership rate in the U.S. is still lower than its pre-crisis level.

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Multifamily - Steady Start to 2020

National Average Rents National averages include 127 markets tracked by Matrix, not just the 30 metros featured in the report. All data provided by YardiMatrix...

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Housing Inventory Falls 11% in January

Redfin reports that U.S. home-sale prices rose 6.7% annually in January to a median price of $306,400. Prices were also up 0.7% from December 2019.

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Coronavirus Impact On US Economy Uncertain

t’s too early to know what kind of impact the coronavirus outbreak will have on the U.S. economy, White House trade adviser Peter Navarro said Monday. The outbreak, which has killed at least 910 and sickened 40,600 people globally, has U.S. companies to halt or drastically reduce operations in China and led to the grounding of flights between the two countries.

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Commercial/Multifamily Borrowing Climbed To A New High To Close Out 2019

A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter of 2019 capped off what was a strong 2019 for the market, according to preliminary estimates from the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released here today at the 2020 Commercial Real Estate...

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Fed Chair Discusses Recession, Economic Expansion

During the first part of Federal Reserve Chair Jerome Powell’s Monetary Policy Report, Powell reported that the U.S. Economy is currently in a “very good place,” citing the 11th consecutive year of economic expansion, as well as a moderate increase in activity and a strengthened labor market.

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Orange County Multifamily Supply

Some 5,036 units were under construction in Orange County as of November, most of them catering to Lifestyle renters. Meanwhile, the occupancy rate in stabilized properties remained flat year-over-year at 96.0% as of October.

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Orange County Economic Snapshot

Orange County gained 21,500 jobs in the 12 months ending in September, representing a 1.2% increase, but below the 1.8% national average. The metro’s unemployment rate stood at 2.4% for the same period, one of its lowest levels in recent years.

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