The personal saving rate fell more than half a point to 9.4% from July to August, according to numbers from the Bureau of Economic Analysis. This makes the record 33.8% rate at the height of the pandemic in April 2020 seem like ancient history. Why the steep decline? Well, people are getting back to spending their limited income rather than saving their stimulus checks. Our friends at the Balance have more insights.
The numbers are in from August, and as you can see, the Santa Clara County housing market is still on the rise, whether you’re looking for a house or a condo. Inventory is up year-over-year from the height of the pandemic in Summer 2020, but properties are spending less time on the market, and prices are soaring.
What does this mean for you? Contact us for more insights!
The fall — or autumnal — equinox arrives in the Northern Hemisphere at precisely 12:20pm PDT today, September 22. But the celestial event occurs at the same moment worldwide, when the Sun crosses an imaginary extension of our equator as the Earth tilts on its axis.
So what are you doing during the lunch hour on Hump Day? Want to have an equinox party?
We’re hearing a lot about vaccination rates these days, but when it comes to inflation, there’s no such thing as herd immunity. Sure enough, as our economy continues to recover from the COVID shutdown, we’re seeing a spike in the Consumer Price Index (CPI), a leading indicator of inflation, and a sign that rising interest rates may be on the horizon.
As COVID restrictions have eased up in some states over the past two weeks, the number of homes going into contract has been trending upward in many markets. A few highlights:
There has been a notable uptick in regions that have lifted restrictions.
Inventory levels remain low in many areas where restrictions have not been lifted.
Compass can provide you with real-time data so you can see activity as it’s happening!
