Economic Update – August 15, 2024

Economic Update – August 15, 2024

1. INFLATION • According to the BLS, the US Consumer Price Index (CPI) reaccelerated on a monthly basis in July but continued to decelerate annually. Prices rose by 0.2% between June and July, following a decline of 0.1% the previous month. Prices decelerated to 2.9%...
McClellan Team Sells Former Pemberton Pharmacy

McClellan Team Sells Former Pemberton Pharmacy

AUGUST 2024, SALISBURY, MD – The McClellan Team with SVN | Miller Commercial Real Estate recently sold the former Pemberton Pharmacy on Pemberton Drive. John McClellan and Kelly Jeter represented the seller, while fellow team member, Chris Messick, represented the...
Wicomico County Health Department Changes Location

Wicomico County Health Department Changes Location

AUGUST 2024, SALISBURY, MD – John McClellan and Henry Hanna, Senior Advisors with SVN | Miller Commercial Real Estate recently collaborated on the sale of 1401 Mount Hermon Road in Salisbury, MD. This building will be the new home to the Wicomico County Health...
Economic Update – July 26, 2024

Economic Update – July 26, 2024

1. GDP • According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the first quarter and above the consensus forecasts of 2%. • Consumer spending accelerated from the first quarter,...