Jobless Claims, labor market
Housing Market Slumps as Mortgage Rates Top 7%
Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.
New Mortgage Rate Spike Threatens California Housing Market
The median price of a home in the Golden State hit its highest level in seven months in March, going up by close to 8 percent to $855,000 from a year ago. High prices have helped stifle supply as sellers sitting on low mortgages are reluctant to sell and enter a market that will ask for 7-plus mortgage rates.
US labor market stays resilient; housing regresses on higher mortgage rates
The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy.
The number of Americans applying for jobless benefits holds steady as labor market remains strong
The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off
Mortgage Rates Spike Could Upend Housing Market
While the Federal Reserve doesn't directly set mortgage rates, these are hugely influenced by the central bank's decision to hike or cut interest rates. The Fed left rates unchanged in March and is considered unlikely to cut them this month considering the latest data on inflation.
US Jobless Claims Hold Steady in Sign of Resilient Labor Market
Initial applications for US unemployment benefits remained subdued last week, consistent with a healthy job market.
Gavin Newsom, homelessness
Celebrity real estate agent Mauricio Umansky explains when housing prices will come down
"Buying Beverly Hills" and The Agency patriarch says if you want to sell your home at a hot price, get it on the market this ...
The Fed’s inflation fight isn’t over—that’s bad news for housing market affordability
Fed Chair Jerome Powell says ‘It is likely to take longer than expected’ to win the war against inflation. Here’s what that ...
Ingham County officials consider millage to help address affordable housing crisis
The rent is high not just in Detroit, where, according to nonprofit Higher Ground Abodes, the city has just a quarter of the ...
The economy might be booming, but housing is in a recession: top real estate CEO says he’s never seen anything like it in 20 years
Glenn Kelman is the chief executive of Redfin, a self-described technology-powered real estate company, a modern way to buy ...
See inside new affordable housing building on Brooklyn waterfront
A new building in Brooklyn features 100% affordable housing, including some units with waterfront views. Greenpoint Landing, ...
Will a Housing Deal Make New York More Affordable?
New York leaders agreed to a framework designed to help the state build more housing and keep prices down. Here is how it ...
A Wolkoff is still the heart of a big LI housing project
The other piece of the puzzle that Wolkoff said has fallen into place is on the political side. At the state level, Gov.
Upcoming Daytona Beach housing fair to offer tips, resources for first-time homebuyers
"It's still possible for people to purchase a home," said Lucy Stewart Desmore, a Realtor and broker associate with NextHome ...