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What is a recession? The economic concepts explained. What causes and happens during one.

14/02/2023dansa

Inflation has slowed down and gross domestic product has revived, but most economists still expect a mild recession this year.

In December, consumer prices rose 6.5% from a year earlier but that was down from a 40-year high of 9.1% in June. Core prices, which exclude volatile food and energy items, rose 5.7% annually, according to the Labor Department’s consumer price index.

Another CPI report is due out Tuesday and is expected to offer key insights on the state of the economy.

Meanwhile, GDP, or the value of all goods and services produced in the US, increased by 2.6% in the quarter that ended Sept. 30, after dropping at an annual rate of 1.6% in the first three months of the year and 0.6% in the second three, according to the federal Bureau of Economic Analysis.

Wait, are we in a recession? How to tell? Keep a close eye on unemployment, consumer spending

Computer to worker: You’re fired! Layoffs in a likely recession this year could be determined by software programs

So how could a modest downturn happen? The past two recessions were sparked by shocks to the economy – a housing crisis and a pandemic. A downshift this year

Chrissy Steele takes a helmet at the Delaware Association of Realtors

10/02/2023dansa

The Delaware Association of Realtors recently announced the installation of President Chrissy Steele, a Sussex County Realtor and Northrop Realty coastal regional manager.

National Association of Realtors 2023 First Vice President Kevin Sears officiated at the Rehoboth Beach event, which included the installation of the organization’s full slate of officers and directors for the year.

Steele shared her 2023 strategic initiatives to refresh and improve the association’s offerings to its members and the public, including continued efforts to lower the statewide realty transfer tax by 1 percent.

As president of the 4,500-member Delaware Association of Realtors, Steele will president at all meetings of its board of directors and executive committee, and will serve as an ex officio member of all DAR committees and work groups. In her capacity as president, Steele will serve as official spokesperson for the association on issues related to the real estate industry as well as local residential and commercial markets in Delaware. She will also represent DAR and its members on the National Association of Realtors board of directors, and at local, state and national functions.

Steele began her real estate career in 1999 and immediately developed a passion for the business. In 2004, she

Real Estate Losses Against Ordinary Income

02/02/2023dansa

The best way to use real estate depreciation is against ordinary income. These are the two ways to do it.

PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. WCI truly believes that a financially secure doctor is a better partner, parent, and practitioner. White Coat Investor is an affiliate partner of PIMD.

Investing in real estate can be a risky, time-consuming, illiquid investment. However, one of the best parts of being an investor in equity real estate (at least outside of a retirement account or a REIT structure) is that you can depreciate the buildings on the property. Under current law, bonus depreciation can be over 60% of your investment in the first year. It’s pretty awesome to invest $100,000 and get a $60,000 deduction on your taxes that same year.

Unfortunately, there is a general tax doctrine that prevents many investors from actually being able to use that deduction. It turns out that you can only use passive losses to

Journal Club 01-20-23 – Passive Income MD

21/01/2023dansa

Here’s Journal Club 01-20-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

When it comes to investing in your child’s education, the most common option chosen by many parents is the 529 plan. There’s nothing wrong with it except that it may not be the most effective way to save for college… So, are there any other options? Fortunately, there’s more than one way to do it, and The White Coat Investor shares more about his preferred method of saving for college in the article – How to Use Real Estate to Pay for College.

Are you familiar with a Donor Advised Fund (DAF)? The concept behind a DAF is to set up an account to transfer funds today, which can be utilized for charitable donations in the future. Per the author of Physician in Numbers, you can also invest this money to be able to donate higher than what you put aside. Now that’s something! Curious to learn more about a donor-advised fund and if this could be a beneficial strategy for you? The author covers

Tri-Cities realtors help raise nearly $20K for housing charities

17/01/2023dansa

Local agents also brought in almost $20,000 for housing-related charities, surpassing the financial fundraising bar for 2022.

Realtors across the Tri-Cities have eclipsed another big number in its annual campaign to clothe those in need over the winter seasons.

The Real Estate Board of Greater Vancouver (REBGV) and its member agencies have now donated winter clothing to more than 480,000 people in the last 28 years through its annual Realtors Care Blanket Drive.

For 2022, the week-long November event brought in enough supplies to help more than 27,300 residents in the region, primarily women and children fleeing abusive situations.

The Tri-City Transitions Society (200-2540 Shaughnessy St.) was one of the recipients thanks to 16 local realtor offices in Coquitlam, Port Coquitlam and Port Moody.

Metro Vancouver residents also opened up their wallets to donate nearly $20,000 for the cause — said to be the “largest and longest running” winter clothing drive in all of BC — surpassing the campaign’s initial fundraising goal of $15,000.

The money is earmarked for local housing-related non-profit organizations, said REBGV spokesperson Daniel John.

“Our partner charities were in dire need of blankets and warm clothing this year,” he said in a release. The initiative took