Unemployment is Down, But Wage Growth Stagnant

The most recent jobless numbers are breaking records. April’s unemployment rate of 3.9 percent was the lowest economists have seen since 2000. While the number is a cause for celebration, it’s not the only number that points to the overall health of the economy.

In addition to the low unemployment […]

Weekly News Roundup for March 9, 2018

Here are some of the stories we’ve been following this week.

An Alabama man filed a lawsuit against a local landfill, alleging that the landfill’s poor construction is allowing sediment to flow onto his property.
Residents in Lawrenceburg, Indiana, are worried about the environmental risks if city officials move […]

Existing Home Sales in 2017 Best in Over a Decade

Existing home sales might have dipped in December, but they grew overall in 2017 over 2016. December’s existing sales were down 3.6 percent from the previous month. However, the drop wasn’t enough to drag down the entire year, which finished with existing home sales ending 2017 at a pace […]

Housing Market Looks to Finish 2017 on a High Note

The housing market has had a good year, and the latest numbers show that 2017 could close out on a high note. Existing home sales jumped more than five percent last month, reaching levels not seen in 11 years, and with the unemployment rate at a 17-year low, the […]

Brexit’s Effects Felt Throughout the UK

Sixteen months after the United Kingdom voted in favor of a referendum to exit the European Union, the ripples caused by that decision continue to be felt in ways that voters may not have expected. In the wake of the vote, officials began discussions with the European Union regarding […]

Weekly News Roundup for October 6, 2017

Here are some of the stories we’ve been following this week.

Two U.S. senators are expected to introduce a bill that would ban the use of eminent domain to acquire property for the purpose of constructing a wall along the border with Mexico.
IGas announced plans to begin hydraulic […]

Manhattan and San Francisco Again Top List of Most Expensive Cities

Manhattan and San Francisco continue to be the most expensive cities in which to live, according to the most recent Cost of Living Index. The index, produced by the Council for Community and Economic Research, compares the relative price to live in a wide selection of cities across the […]

Greenfield Attends China Business Risk and Investment Briefing

As renegotiations of The North American Free Trade Agreement (NAFTA) cast a shadow of doubt on the USA’s trading future, many countries are eyeing China for its gains in international trade; where the US has further receded from international trade. This is also the case with the US withdrawal […]

Seattle’s Minimum Wage Increase an Ongoing Experiment

When the Seattle City Council voted three years ago to raise the city’s minimum wage, analysts on both sides of the debate weighed in, predicting either a stronger economy or the loss of low-income jobs as employers dealt with the higher wages.

In recent weeks one study has made a […]

By |July 18th, 2017|Categories: Blog, News|Tags: , , |0 Comments

Greenfield Attends Legislative Committee on Economic Development and International Relations Meeting

Nawaf Alfaouri, Economic Development Specialist at Greenfield Advisors, was invited as a local economic leader to meet with foreign consulates and the Legislative Committee on Economic Development and International Relations on June 20, 2017. The meeting was held as a response to falling state exports and seemingly unfavorable recent […]

By |June 27th, 2017|Categories: Blog, News|Tags: , , |0 Comments

Economic Profile: United Kingdom

The United Kingdom is bracing itself as Article 50 has been triggered, starting a two-year process of exiting the European Union. In this time of uncertainty, almost half of European businesses with British suppliers are finding replacements elsewhere in the EU, according to research underlining the threat that Brexit poses […]

By |June 8th, 2017|Categories: Blog, News|Tags: , |0 Comments

Economic Profile: Malta

Malta is a small island nation in the heart of the Mediterranean Sea with anything but a small economic potential. This strategically located island holds close ties to mainland Europe, North Africa, and the Middle East. The island is considered the best choice for European Union investments in knowledge-based […]

By |May 26th, 2017|Categories: Blog, News|Tags: , |0 Comments

Economic Profile: Brazil

On the night of March 31, 2017, Brazilian President Michel Temer passed a controversial law. It granted Brazilian companies the right to outsource employees for any job and authorized temporary contracts of up to nine months. For Brazil, this was the start of a revolution in redefining a rigid […]

By |May 18th, 2017|Categories: Blog, News|Tags: , |0 Comments

Economic Profile: Canada

As recent U.S. talks of a NAFTA re-negotiation looms over its certainty, Canada does not seem content to sit idle and seeks to determine its own global trade future. And that’s a great thing for international investors seeking to grow with Canada’s incredible economic strength and prospective trade expansion. […]

By |May 11th, 2017|Categories: Blog, News|Tags: , , , |0 Comments

Economic Profile: Mexico

With a booming aerospace industry and an economy ranked 15th worldwide and second in Latin America, México has been the basis of foreign investment speculation in 2017. The country also boasts an ever-growing tech sector. Greenfield Advisors recently hosted in its Seattle office Fernando Paz Pous, ProMexico Director of […]

By |May 3rd, 2017|Categories: Blog, News|Tags: , |0 Comments

Low Housing Supply Continues to Affect Housing Market

Buyers have flooded into the housing market, thanks to a continually low unemployment rate and a strong economy. However, the supply of available homes remains low, and that is putting a strain on the market, even as more potential buyers consider purchasing a home.

The housing supply at the end […]

By |February 17th, 2017|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for February 17, 2017

These are some of the stories we’ve been following this week.

Illinois reached a settlement agreement with BNSF Railway Company over the 2015 train derailment near Galena, Illinois. The railroad company will pay $50,000 in civil penalties, in addition to the more than $10.5 million spent on cleaning up […]

Weekly News Roundup for January 20, 2017

These are some of the stories we’ve been following this week.

An oil spill off the coast of Turkey is nearly cleaned up, and a commission was set up to investigate why a tanker that was docked began leaking fuel.

It’s been nine years, and now the ecosystem affected […]

Looking Back: The 2016 Economy By The Numbers

It’s been nearly a decade since the economic downturn in late 2007 and early 2008 sent the unemployment rate soaring and negatively impacted the housing market for years afterward. Over the last few years, real estate, especially the residential side, has regained its momentum. In the first months following […]

EB-5 Receives Another Extension, This One until April 2017

For more than a year, the fate of the EB-5 Immigrant Investor Program has been up in the air. Foreign investors, as well as attorneys, builders, and others involved with EB-5 funded projects, have seen the program receive two previous extensions. Earlier this week, the program received its third […]

By |December 16th, 2016|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for November 18, 2016

Here are some of the stories we’ve been following this week.

President-Elect Donald Trump could revive the proposed Keystone XL pipeline, which was denied permits under the Obama administration.

An airport has been identified by the Massachusetts Department of Environmental Protection as a possible cause of the contamination of […]

Minimum Wage Increases Successful at Ballot Box

While the presidential election took most of the spotlight earlier last week, there were other measures in front of voters that had the eye of economists everywhere. In the last few years, the battle to raise the minimum wage has intensified.

Cities like Seattle, New York, and San Francisco, were […]

By |November 17th, 2016|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for November 4, 2016

These are some of the stories we’ve been following this week.

The nation’s unemployment rate dropped below five percent, and the economy added more than 160,000 jobs last month.

Researchers have developed a new way to clean up oil spills. The cost-effective material congeals oil, making it easier to […]

Home Sales Up As Millennials Look to Buy First Homes

In the first years after the housing market crash, recent college graduates had a hard time finding jobs as the economy went downhill. The unemployment rate rose, and millennials who couldn’t find a job were forced to put on hold their plans of owning their own home.

Now that the […]

Weekly News Roundup for September 30, 2016

These are some of the stories we’ve been following this week.

A NASDAQ executive discussed the differences in capital raising for private and public companies.

Researchers in North Dakota tested a new way to remove salt from land where it was introduced during the hydraulic fracturing process. The new […]

As EB-5 Awaits Renewal, a New Option is Proposed

The controversial EB-5 Immigrant Investor Program is set to expire at the end of the month. Congress extended the program last year, just days before the deadline to continue it. At the moment, a pair of bills re-authorizing EB-5 are moving through Congress.

The EB-5 Immigrant Investor Program allows those […]

By |September 6th, 2016|Categories: Blog, News|Tags: , |0 Comments

The Box is in the Mail. The Rise of the Subscription Economy

The days of mail-order CDs are over, but in the last few years the subscription economy has seen a revival, thanks to companies like Loot Crate, Ipsy, and others. The idea is simple: customers sign up to receive a package in the mail every month. Often the contents are […]

By |August 30th, 2016|Categories: Blog, News|Tags: , |0 Comments

New Study Examines Minimum Wage Hike in Seattle

Two years ago, Seattle passed an ordinance gradually raising the city’s minimum wage to $15. During the lead-up to the vote, some economists predicted the increase would be a booster shot to the economy, while others expected that the job market would suffer as businesses coped with the higher […]

By |August 2nd, 2016|Categories: Blog, News|Tags: , , |0 Comments

Minimum Wage Update Part 2: The Next Steps

In the first part of our series on the debate over raising minimum wage, we looked at how Seattle has adjusted in the year since the minimum wage increase. Economists are still watching Seattle, and they will soon have many other places across the country to observe and study […]

Minimum Wage Update Part 1: A Year Later in Seattle

In the last year, a movement to raise the minimum wage has spread across the country. It started in cities like Seattle, where in 2014, the city council voted to incrementally raise the minimum wage over time. This minimum wage ordinance positioned Seattle as the host of a social […]

Review of the Global Diversity Summit

I had the pleasure of attending the Global Diversity Summit, a conference designed to help increase the number of ethnic minorities in the commercial real estate industry, on October 11, 2012, here in Atlanta, Georgia. This was my second time attending the Global Diversity Summit, so I knew I […]