RealPage Economy Express Episode 7

Episode 7: Can we mention the R word?

  • Consumer sentiment surged by almost 13% in July.
  • The labor market remains resilient, with unemployment claims dropping to 228,000 in July.
  • As of June, core retail sales – excluding automobiles – saw the smallest annual increase in three years.
  • Sales for existing homes declined nearly 19% year-over-year as of June.
  • The Conference Board's Leading Economic Index marked 15 months of decline, meaning 3rd quarter could be the start of a recession.

For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.