Housing inventory in the Atlanta area, meanwhile, remained significantly below year-ago levels in April.
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Category: unemployment
Employment growth misses estimates in April with 266k new jobs
The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.
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Housing observers expect February job gains to continue
“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.
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The 2020 Effect on the Housing Market: Homeowners Aren’t Immune to the Pain
Even folks lucky enough to own their own homes in a time of record house prices and a historic shortage of inventory haven’t been spared by the pandemic.
The post The 2020 Effect on the Housing Market: Homeowners Aren’t Immune to the Pain appeared first on Real Estate News & Insights | realtor.com®.
New unemployment claims spike, though continuing claims fall
Economic recovery slumps as initial jobless claims unexpectedly jump.
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Serious delinquencies up, despite strong housing demand
Four months into the pandemic, the 120-day delinquency rate for July spiked to 4.1%, the highest rate in more than 21 years and double the December 2009 Great Recession peak.
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Construction employment up in latest jobs report, though still below pre-pandemic levels
The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.
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Caution: A Housing Crisis Could Be Coming for These 10 Cities
With no end in sight to the coronavirus pandemic and the job losses it has wrought, millions of U.S. homeowners are behind on their mortgage payments.
The post Caution: A Housing Crisis Could Be Coming for These 10 Cities appeared first on Real Estate News & Insights | realtor.com®.
First-Time Buyers, Beware: Homeownership Is Becoming a Tale of the Haves and Have-Nots
Is the American dream reserved only for the richest 1%? Is homeownership becoming the ultimate luxury good? Or is it still within reach of first-time buyers?
The post First-Time Buyers, Beware: Homeownership Is Becoming a Tale of the Haves and Have-Nots appeared first on Real Estate News & Insights | realtor.com®.