Home Loan Delinquency Drops Below March 2020 Level, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for November 2021. For the month of November, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease … [More]

U.S. Jobless Claims Fall for Third Straight Week

U.S. Department of Labor

In the week ending February 5, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 253,250, a decrease of 2,000 from the previous week's revised average. The previous week's average was revised … [More]

Prices Rose at a 7.5 % Annual Rate in January, the Fastest Pace of Inflation in 40 Years

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. Increases in the indexes for food, electricity, and shelter were the largest contributors to the … [More]

Inflation Continues Impact on Small Businesses, Says Survey

NFIB

The NFIB Small Business Optimism Index decreased slightly in January to 97.1, down 1.8 points from December. Inflation remains a problem for small businesses as 22% of owners reported that inflation was their single most important business problem, unchanged from December when it reached the highest level since 1981. The net percent of owners raising average selling prices … [More]

U.S. Gains 467,000 Jobs in January, Hiring Much Stronger Than Expected

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. This news release presents statistics from two … [More]

Historic Number of Small Business Owners Raising Compensation in January, Says Report

NFIB

A historic number of small businesses are struggling to increase their workforce, according to NFIB’s monthly jobs report. A net 50% (seasonally adjusted) of small business owners reported raising compensation, up two points from December and a 48-year record high reading. A net 27% plan to raise compensation in the next three months, down five points from … [More]

U.S. Weekly Jobless Claims Fall for Second Straight Week

U.S. Department of Labor

In the week ending January 29, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 23,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 260,000 to 261,000. The 4-week moving average was 255,000, an increase of 7,750 from the previous week's revised average. The previous week's average was revised … [More]

Millennial Demand Is Driving Up Prices in Neighborhoods with Kids, and Trend Is Growing

Zillow

Home values are growing fastest in areas with the highest share of kids, reflecting the impact millennial house hunters are making on family-friendly neighborhoods with a shortage of homes for sale. A record number of millennials will reach key age milestones for home buyersi over the next two years, which may accelerate price gains even further.   The top 10% of ZIP codes … [More]

The Giving Block Releases 2021 Annual Report, Finds Tremendous Increases in Crypto Giving

inbusinessPHX.com

The Giving Block, the leading crypto philanthropy platform for nonprofit organizations and individual donors, is releasing its annual report for 2021. As awareness, usage, and monetization of cryptocurrencies continue to grow, crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for … [More]

U.S. Small Businesses Continue to See Strong Job Gains and Worker Pay Increases in January

Paychex

National small business job growth continued to increase in January as did earnings for workers, according to the Paychex | IHS Markit Small Business Employment Watch. The January data shows the Small Business Jobs Index, which measures the year-over-year rate of employment growth, gained 0.39 percent in January. At 101.33, the national index has increased 7.80 percent over the … [More]

Upward Trend in Annual Home Price Appreciation Continues, Up 18.5% in December

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2021. Consumer desire for homeownership against persistently low supply of for-sale homes created one of the hottest housing markets in decades in 2021 — and spurred record-breaking home … [More]

Arizona Business Index Reveals Continued Concern About Inflation and Pandemic, Economic Optimism Declines

Greater Phoenix Chamber

The Greater Phoenix Chamber recently released the Q4 Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). The study measures and interprets the health of the Arizona economy from the perspective of the Arizona consumer. The final quarter of 2021 saw dips in consumer sentiment, economic optimism, and job satisfaction. Consumers also weighed in on their … [More]

Non-Traditional Lending Enters where Rejection Reigned 

by Rhett Doolittle

Half of U.S. small-business owners report facing significant hurdles brought on by the current supply chain disruptions. Couple that with a record number of new businesses being created this year (60% increase from 2020), it’s likely many will fail without access to funding that is typically bestowed only upon larger companies with established track records.  In response to … [More]

Personal Income Rises Less Than Expected in December 2021

U.S. Bureau of Labor Statistics

Personal income increased $70.7 billion (0.3 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2 percent) and personal consumption expenditures (PCE) decreased $95.2 billion (0.6 percent). Real DPI decreased 0.2 percent in December and Real PCE decreased 1.0 percent; … [More]

Phoenix Second Highest Rate of Inflation, Says Report

inbusinessPHX.com

The most popular U.S. migration destinations tend to have high rates of inflation, according to a new report from Redfin, the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros … [More]

U.S. Economy Grew at Fastest Rate in 2021 since 1984

U.S. Bureau of Labor Statistics

Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3 percent. For the full year, the economic expansion was 5.7 percent, the biggest since 1984. The GDP estimate released today is … [More]

U.S. Weekly Jobless Claims Trend Down, First Time in Four Weeks

U.S. Department of Labor

In the week ending January 22, the advance figure for seasonally adjusted initial claims was 260,000, a decrease of 30,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 286,000 to 290,000. The 4-week moving average was 247,000, an increase of 15,000 from the previous week's revised average. The previous week's average was revised … [More]

U.S. Housing Market Has Doubled in Value since the Great Recession after Gaining $6.9 Trillion in 2021

Zillow

U.S. housing gained a record $6.9 trillion in 2021, nearly doubling what was previously the largest annual gain of $3.7 trillion in 2005. The full U.S. housing stock is now worth $43.4 trillion, according to a new Zillow® analysis.   Strong demand met limited supply in 2021, driving home values up more than ever before — home values grew 19.6% last year, an all-time high in … [More]

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