Market Update | May 21
Jon Granston | May 21, 2024
Jon Granston | May 21, 2024
Top Headlines: Delivered by Leonard Steinberg
May 21, 2024
01 India’s economy is growing close to 8% per year while the UK’s GDP growth is around 0.6%. India’s GDP per capita was $624 two decades ago and has risen 300% since.
(CNBC)
03 Austin, Texas, Bloomington, Minnesota, Pittsburgh and Raleigh, North Carolina are the TOP 3 areas attracting college grads. All have rental vacancy rates of above 6% to provide housing.....
04 When prices rise too far, too fast, you hit a wall of resistance: the estimated number of per-person restaurant visits (from fast food to fine dining) dropped to a 28-year low of 185. Per-person restaurant visits reached a peak of 216 in 2000 and have fallen steadily since 2008.
(TSG Wealth Management)
05 The U.S. now has 550 “million-dollar” cities where the average home value is at least $1,000,000, up from 491 at the same time in 2023.