06/12 – MetroIntelligence Economic Update by P. Duffy

April wholesale inventories rose 0.1 percent, sales up 0.8 percent

Wholesale inventories rose 0.1 percent in April, although it was still the weakest gain in six months.  Sales rose 0.8 percent, well above forecasts, and rising for the third straight month.

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CoreLogic:  Equity in mortgaged homes has more than doubled in past 5 years

The amount of equity in mortgaged real estate increased by $1 trillion in Q1 2018 from Q1 2017, an annual increase of 13.3 percent, and has more than doubled in five years. The nationwide negative equity share for Q1 2018 was 4.7 percent of all homes with a mortgage, more than 20 percentage points lower than the peak negative equity share – 26 percent – recorded in Q4 2009.

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Gallup:  Increasing worker flexibility changing how they are managed

Gallup:  43% of employees work away from their team at least some of the time, requiring changes in the nature of how managers oversee their groups. 52% of employees say they have some choice over when they work.

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