just now

Economy turned the corner

First published

06/23/2020

Genres:

business

Summary

Parent Podcast

Strome Business Minute with Dr. Jeff Tanner

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    Hampton Roads Retail Market is Pretty Healthy

    Release Date: 03/25/2020

    Description: I'm Jeff Tanner, Dean of the Strome College of Business at Old Dominion University, and this is a Strome Business Minute. Mike Zarpas presented the Retail Real Estate segment of the 25th annual Strome College Harvey Lindsay School of Real Estate Market Review. We all hear about store closures, but Hampton Roads retail market is pretty healthy.

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    Release Date: 11/04/2019

    Description: I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Have you see the new Coors Light commercials promoting the brand as the official beer for breakfast, the official beer of playing golf just to drink beer, and the official beer of being done with wearing a bra? Maybe it’s just me, but other than the no bra at the end of a workday, these promote irresponsible beer consumption.

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    DLima Study Shows RE Prices vary

    Release Date: 08/28/2020

    Description: I’m Jeff Tanner, Dean of the Strome College of Business, and this is a Strome Business Minute. We already discussed here the shrunken inventory of homes for sale in the 757, down to its lowest level in 15 years. New home construction can’t keep up with the demand due to labor shortages so the median price of homes has crept up as supply can’t keep up with demand. Strome real estate professor Walter D’Lima’s research shows that our market is representative of the national residential market. Overall, new listings for existing homes are down across the country, as demand is shifting from apartments to houses. But his study also shows that starter home owners are also trading up. But mid-priced owners aren’t trading up. Inventory of higher priced homes is way down and those prices have actually declined so now may be the time to move up. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.

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    Strome's Dragas Center for Economic Analysis and Policy forecasts weak year for Port of Virginia

    Release Date: 02/11/2020

    Description: I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. The Strome College of Business’s Dragas Economics Center recently held its 25th Forecasting Project luncheon and presented a ho-hum forecast for the Port of Virginia due to global headwinds in trade. Our port was constrained by construction which is now complete but our exports declined while Savanah and Charlotte gained. Some products, like automobiles, are now exported through ports closer to manufacturers, not our port. Our port has also been hurt by the trade wars, resulting in declines in exports of soybeans and grains, poultry, and forest products. While the recent Phase One deal with China may help increase exports, we also have to capture business away from Charleston, Savannah but do so when the forecast for exports is weak overall. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.

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