Browsing: ABA Data Bank

Economy

The COVID-19 pandemic created the deepest economic contraction in modern U.S. history and led to considerable uncertainty. However, it also teed up the conditions that created a red hot housing market across the country.

Economy

: Home Prices Increased Across All 50 States in 2020. The greatest appreciation was in the Pacific Northwest and Mountain states, such as Idaho (20.9%), Montana (15.5%), Utah (15.5%), and Washington (13.7%). There was also strong price appreciation in New England, such as in Connecticut (14.2%), Maine (13.9%), New Hampshire (13.5%) and Rhode Island (13.2%).

Economy

The U.S economy is recovering rapidly and is expected to yield inflation-adjusted growth of 7.2% over the four quarters of this year before easting to a still-robust 3.1% in 2022, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee.

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