One piece of the residential housing market that appears to be doing well is renting. Has there been a shift away from owning homes to renting them? N.C. State University economist Mike Walden weighs in.
One area of economic good news appears to be the export market. N.C. State University economist Mike Walden describes what’s going on.
There’s been a string of bad economic news recently, but it’s hard to make sense of all the data. N.C. State University economist Mike Walden interprets some of what’s going on. “The recent economic news has not been good, and I think that’s been manifested as we’ve seen Wall Street take some big dips. Where [...]
Recently one of the national credit rating agencies lowered the rating for the U.S. government. N.C. State economist Mike Walden explains why this happened and what it means for both the government and the public.
Changes in home prices have become a very important part of today’s economic situation. On the surface, a person might think that following home prices is really quite simple — you just take an average of the prices of homes sold and compare those numbers over time. But, as N.C. State University economist Mike Walden explains, it’s not that easy.
There are three big issues in today’s economy — jobs, jobs, and jobs. People without work are really desperate for jobs. When we look past the recession and down the road a couple of years, where will the jobs be and what will they pay? N.C. State University economist Mike Walden shares the latest projections.
Most recent recessions are gauged against the biggest economic downturn of them all, the 1930s Great Depression. Of course, when we looked at the current recession, the decline in the housing market is one of the key factors. How does the current situation in the housing market match up against what happened in the 1930s? N.C. State University economist Mike Walden weighs in.
We had a very disappointing June employment report for North Carolina. The unemployment rose from 9.7 percent in May to 9.9 percent in June. And over 10,000 jobs were lost. What happened? N.C. State University economist Mike Walden explains.
The recession that we’ve experienced has set records on so many levels. But consumer spending is really dominant in our economy. And, says N.C. State University economist Mike Walden, there have been some unfortunate records set regarding consumer spending during the recession.
The federal deficit as a percent of the economy was 1.1 percent just a few years ago. In 2009, it increased to 10.1 percent of the economy. What happened? N.C. State University economist Mike Walden explains.