Stocks surged Thursday on a combination of surprisingly strong U.S. economic data and the overwhelming approval by Germany’s parliament of a bill to strengthen a bailout fund intended to help European countries deal with their debts. News that the U.S. economy grew by more than previously thought in the second quarter of the year and [...] [...]
Colorado’s state GDP fell 0.86 percent to $231.89 billion in 2009 from $233.9 billion the previous year, according to the U.S. Bureau of Economic Analysis. The report indicated declines in state GDP, also referred to as gross state product, for 38 states. The average decline by state was 2.1 percent over that period, making Colorado’s [...] [...]
The third quarter GDP growth of 2 percent holds little good news for real estate brokers. Brokers’ commissions as a percentage of GDP are at the lowest levels since 1982, according to figures from the Bureau of Economic Analysis. Sales of single family homes have plummeted since 2006, which is a big contributor to brokers’ [...] [...]