Great news on the national economic front, both personal income and the savings rate increased in December

Personal income in December 2012 increased 2.6 percent. Nominal and real personal consumption expenditures (PCE) rose 0.2 percent. Nominal disposable personal income (DPI) increased 2.7 percent and real DPI rose 2.8 percent. The personal saving rate as a percentage of DPI was 6.5 percent in December. For 2012 overall, personal income increased 3.5 percent from 2011. Nominal PCE increased 3.6 percent and real PCE rose 1.9 percent. Nominal DPI rose 3.3 percent and real DPI increased 1.5 percent. The personal saving rate was 3.9 percent in 2012.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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