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April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1% versus expectations 5.7% and March’s 7.7% Fixed Asset Investment 4.0% versus expectations 4.2% and March’s 4.2% (Infrastructure +5.9% YoY, Manufacturing +8.8%, Real Estate Development -10.3%) Jobless Rate 5.1% versus expectations 5.2% and March’s 5.2% Key Points made in the National Bureau of Statistics spokesperson Fu Linghui: “Vigorously…
IDR Application Processing Backlog Hits 2 Million Student Loan Forgiveness Borrowers A status report filed in federal court on May 15 reveals that 1,985,726 income-driven repayment applications were still pending as of April 30, 2025. That same month, only 79,349 IDR applications were processed. This means less than 4% of the backlog was addressed in April, leaving almost 2 million student loan borrowers still stuck waiting for their IDR applications to be processed and on the path towards lower payments and student loan forgiveness. April’s throughput is likely not representative, given that student loan servicers were only processing a portion…
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