Economy

Labor Dept: Nearly Half a Million Net New Jobs Added in January

February 4th, 2022
The U.S. added far more jobs than expected—467,000 in January—with the unemployment rate changing little at 4.0%, despite the omicron variant surge, according to the latest data from the U.S. Bureau of Labor Statistics released Friday. Employment growth continued in...

‘We’re Still Going Up.’ Despite New Skepticism in Real Estate, There’s Reason for Optimism

June 17th, 2022
Market reports are an essential tool for real estate professionals, but experience also matters. In Paul Wells’ case, he boasts over 35 years of experience in real estate and has seen plenty of ups and downs throughout his career. The...

Year-End Outlook: Climbing Mortgage Rates Strain Buying Power in 2022

November 3rd, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  Homeowners will likely look at the past year of mortgage rate...

‘It is Time to Taper,’ Fed Reveals Economic Plan

November 4th, 2021
The Federal Open Market Committee (FOMC) met this weekend to approve plans to scale back its asset purchases amid improving economic activity and employment outlooks. As a result, Fed officials announced on Nov. 3 that it would begin “tapering” its...

Year-End Outlook: Labor Could Spark ‘Transformational’ Changes

November 10th, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022. Dolly Parton might still be plugging away at a nine to...

Inflation Concerns Persist: High Demand, Low Supply Straining the Economy

November 10th, 2021
Consumer inflation increased 0.9% in October, according to the latest data from the Labor Department, which reported prices are up 6.2% YoY—the highest increase since 1990. While economists have been predicting slowdowns in price gains, high demand and constrained supply...

Salt Lake City Projected to be 2022 Top Housing Market

December 7th, 2021
The nation’s top housing markets are driven by strong local economies, tech sector job growth and affordability, according to realtor.com®’s latest forecast. The Top Housing Markets of 2022 were primarily located in the Mountain West, Midwest and New England. They...

Economic Pessimism Reaches Decade High, Buyers Realize Lack of Leverage

December 7th, 2021
Sellers and buyers are at odds in today’s market as homeowners retain the edge and buyers continue to battle it out for their purchases—a trend that may be waning, however, according to recent reports. The Fannie Mae Home Purchase Sentiment...

NAR 2022 Forecast Focuses on Inventory, Affordability and Equity

December 17th, 2021
With one spectacularly unique year coming to a close and the start of a particularly uncertain year looming, the National Association of REALTORS® (NAR) held a virtual Forecast Summit bringing together a swath of experts to hopefully provide both perspective...

Regional Spotlight: Florida Sees Higher Levels of Market Activity in November

December 27th, 2021
Florida’s housing market reported more closed sales, higher median prices, more pending sales and continuing tight inventory levels in November compared to a year ago, according to Florida REALTORS® latest housing data. Closed sales of single-family homes statewide last month totaled 27,541,...
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