The value of a typical U.S. home in 2021 was $321,634, an increase of $52,667 from 2020.
The value of a typical U.S. home in 2021 was $321,634, an increase of $52,667 from 2020.
The number of construction job openings as of January is 380,000, that’s up from 299,000 a year prior.
Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation.
Co-op and condo sales in Manhattan reached record levels last year, in part due to pent-up demand following limited activity in 2020. The median sales price for all apartments in the borough topped $1.1 million, the second-highest level of the past decade.
The estimated value of the typical U.S. home rose 19.6% to $321,634 in 2021, an increase of $52,667 from 2020.
41% of office tenants say they plan to use more flexible space as a result of the pandemic, up from 29% in 2020.
The Federal Reserve raises interest rates by a quarter point, the first increase since 2018, and signals plans to lift them steadily this year to lower inflation.
The benchmark S&P 500 notched a total return, including price gains and dividends, of 28.7% last year. That was a stronger showing than that of 85% of U.S. large-cap stock-picking mutual funds. 2021 was the 12th consecutive year in which the majority of actively managed funds of large-cap stocks underperformed the S&P 500.