Opinion: 7% growth looks a lot harder after the April jobs report
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There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday, May 7, at an all-time high.
But just as most of the country was speeding into reopening, April s disappointing jobs report cast doubt over whether we ll be able to achieve those lofty growth forecasts. If the millions of workers who lost or left their jobs in 2020 don t rejoin the workforce this year, those 7% growth expectations will prove to be far too high.
7% Growth Looks a Lot Harder After the Jobs Report
May 11 2021, 2:30 AM
May 10 2021, 8:46 PM
May 11 2021, 2:30 AM
(Bloomberg Opinion) There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
(Bloomberg Opinion) There s been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
Inman Connect
On Thursday morning, eXp World Holdings reveal that in the first quarter of 2021 it raked in $583.3 million a 115 percent increase compared to the same period last year.
It’s hard to spin that news as anything but positive. And yet, in the hours after eXp revealed its earnings, the price of shares in the company actually fell by more than $2. As of midday Friday, eXp stock was going for about $28.40 per share, down from over $30 per share at the end of Wednesday and way down from a high of more than $80 a share in early February.
EXp isn’t the only company experiencing this phenomenon.
Atlas Real Estate Expands into Salt Lake City with Acquisition of Black Aspen Property Management
The new location will serve clients in the Wasatch Front, where Atlas Real Estate and DivcoWest plan to invest in single-family rental (SFR) homes
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SALT LAKE CITY, May 5, 2021 /PRNewswire/ Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Black Aspen Management Corp., a property management company based in Holladay, UT, a suburb of Salt Lake City. Pursuant to the transaction, Atlas assumes full management of Black Aspen Management s single-family rental (SFR) homes and apartments in the region. David Galant has been named senior property manager, and will oversee operations in the Salt Lake City metro area. Renters and clients in the region gain access to a full suite of real estate services and local market expertise, inc
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Noelle listed her house on a Thursday last August and accepted one of several offers above her asking price the following Tuesday. The 36-year-old auction house employee wanted to capitalize on the red-hot real estate market to sell her family’s home of 10 years in order to make enough money to buy her dream house. She’d planned on living in a nearby Long Island rental for six months to wait for prices to calm down and better options to come on the market. Now, Noelle thinks it could take two years, and she’s even considering buying a fixer-upper to give her family options.