New data from the US Census Bureau showed a big drop in consumer spending in January 2025, signaling a slowing economy. On top of that, Wall Street companies announced a big slew of layoffs, including Southewst, Chevron, and Meta.
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These signals suggest that US economy and housing market could be on the decline as 2025 progresses. Particualrly in area with a high employment of white collar workers. Another concerning sign for the economy is a big drop in consumer sentiment, and continuing poor home sales activity, additional signs that the economy is slowing.
In this video I'm walking around Brookhaven in Atlanta, GA. This is a wealthy neighborhood that isn't really feeling the effects of the economy slowdown. Home prices are going down in most areas of South Atlanta, but not in Brookhaven, where they are still up 2% YoY.
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