WASHINGTON, D.C. – August 23, 2010 – (RealEstateRama) — The U.S. economy has made moderate gains in several key categories over the past few months. GDP growth has been positive, though hovering around 1% per quarter. Unemployment has leveled off as job losses have been abated, but the domestic hiring engine has sputtered of late. Corporate earnings have soared this past quarter by some 35 to 40% year-over-year, but growth overseas has been the winner while domestic production has remained flat. Consumer spending has always dragged our economy out of recession in the past, but retail sales show only marginal growth, and the sale of new homes are over 40% below where they were fifteen years ago.
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