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Real Estate
Jing Fu

U.S. GDP Contracted 32.9% in the Second Quarter

The U.S. economy fell at its fastest pace on record in the second quarter of 2020 as economic activities were canceled or restricted amid the COVID-19 pandemic. The economy will start to bounce back as restrictions are lifted and economic activities increase. According to the

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Real Estate
Jing Fu

GDP Declines for First Time Since 2014

The U.S. economy declined in the first quarter of 2020 due to the impact of the COVID-19 pandemic. Consumer spending, gross private domestic investment, exports and imports all decreased. According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross domestic

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Real Estate
Danushka Nanayakkara-Skillington

Southwest Led GDP Growth In 2019

By Danushka Nanayakkara-Skillington on April 13, 2020 • Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2019 compared to 2018, according to the U.S. Bureau of Economic Analysis (BEA). The percent change in real GDP ranged from 4.4

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Real Estate
Danushka Nanayakkara-Skillington

Texas Led GDP Growth in the Third Quarter of 2019

Real gross domestic product (GDP) increased in 49 states and the District of Columbia, in the third quarter 2019 compared to the previous quarter. Delaware recorded no change during this time. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a

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