Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices. “It’s not a great market, from a buyer’s [...]
Somewhere in between the good news of the booming financial markets and Gov. John Kasich’s warning of a looming recession is where central Ohio’s employment numbers are expected to be in the new year, according to a local economist. Bill Lafayette, founder and owner of Regionomics LLC — a local economic and workforce strategy firm [...]
Columbus Realtors say November home sales should convince likely sellers to list sooner as buyers appear insatiable. The central Ohio region recorded a nearly 16 percent increase over home and condo sales a year ago, according to the Columbus Realtors Multiple Listing Service. There were 2,227 central Ohio homes and condos sold during the month, [...]
WASHINGTON (AP) — The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn’t expected to last. The gain in the gross domestic product, the economy’s total output of goods and services, came [...]
BOSTON (AP) — After nearing collapse under the Obama administration, the for-profit college industry is celebrating Donald Trump’s election as a chance for a rebound. As stock prices for some of the nation’s largest college chains have surged, industry lobbyists say they have received a warm welcome from Trump’s transition team and already have launched [...]
The more than 2,500 central Ohio homes and condominiums sold in October reflect steady growth over the past year despite a drop in sales from the previous month, according to a new Columbus Realtors Multiple Listing Service report. Among a majority of Realtors, the activity translates to moderate to strong activity in the market. The [...]
NEW YORK (AP) — More Americans have access to a checking or savings account, according to a survey released Thursday by federal regulators, a sign that the improving economy is helping lift the nation’s poorest households. Having a checking or savings account is considered a cornerstone of financial stability in the U.S. Without one, households [...]
DETROIT (AP) — U.S. sales of new cars and trucks were expected to drop in August, ending summer on a low note for the auto industry and making it less likely that this year’s auto sales will match the record set in 2015. General Motors’ sales dropped 5 percent from last August while Ford’s sales [...]
WASHINGTON — The world’s key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more. They’ve pumped trillions into financial systems and driven interest rates about as low as they can go — even below zero in Europe and [...]
Inc. Magazine released its 2016 Inc. 5000 list last week, and of the top 500 fastest-growing privately held companies in the country recognized, nine are headquartered in Ohio, including Columbus-based Idea Buyer LLC. Eric Corl, Idea Buyer’s president and CEO, attributed some of the company’s success to Ohio being small-business friendly. “In addition to Ohio, [...]