Instant Reaction: Jobs, April 5, 2024
The job market continues to exhibit solid strength, with 303,000 net payroll job additions in March. That brings total job creation to 5.8 million from the pre-COVID peak four years ago. The construction industry added 39,000 net new jobs, up by 600,000 from four years ago. Therefore, more housing s
Instant Reaction: Mortgage Rates, April 4, 2024
Mortgage interest rates continue their now 17-week stay in the mid-6% range. While lower interest rates would improve affordability for potential buyers, knowing that those rates have stayed steady may make for a less fraught home shopping experience. Buyers know what to expect, and walking through
Millennials Reclaim Position as Largest Group of Home Buyers
Key Highlights Millennials surpass baby boomers and become the largest group of home buyers at 38%. Nearly one out of three Gen Z buyers are single females. Baby boomers remain the largest generation of home sellers at 45%. WASHINGTON (April 3, 2024) – Millennials have surged ahead to become the lar
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