article thumbnail

Job gains exceed expectations in December

Housing Wire

economy in 2023, an average monthly gain of 225,000, according to the BLS. Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. Economists were expecting an addition of 170,000 jobs. With December’s numbers in, a total of 2.7

article thumbnail

U.S. hiring slowed in April, missing estimates

Housing Wire

Since August 2023, the unemployment rate has hovered between 3.7% Job gains were most notable in health care (+56,000), in social assistance(+31,000), and in transportation and warehousing (+22,000). The national unemployment rate ticked up to 3.9% in March, but it’s still below the full employment rate of 4%. million, up from 6.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

According to Bank of America ’s 2023 Homebuyer Insights report, only 62% of prospective homebuyers are willing to wait for home prices and/or rates to fall, down from 85% in June 2023. As of July 2023, about 80% of outstanding U.S. mortgages had an interest rate below 5%, according to Zillow.

article thumbnail

Which Markets Are the Nation’s Renters Targeting?

Appraisal Buzz

Overland Park did knock Minneapolis out of the top spot in April, while Atlanta emerged as the top market to watch in 2024 after attracting the highest number of online engagements on RentCafe.com in 2023. Atlanta Claiming third place was Atlanta, which claimed the title of the most sought-after city for renters in April 2023.

Marketing 397
article thumbnail

Senior-held home equity bounces back in Q1 2024: NRMLA

Housing Wire

in Q1 2024, up from the revised Q4 2023 level of 449.79. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan. The RMMI increased to 461.28 Senior home values increased to $15.5

article thumbnail

Affordability boosts Indianapolis housing market 

Housing Wire

It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). 10, 2023. “The Holle’s business was down about 10% in 2023 compared to 2022, which she attributes almost exclusively to elevated mortgage rates.

article thumbnail

Are we seeing cracks in the labor market?

Housing Wire

The BLS jobs report data isn’t the best recession indicator, which we can all see since the recession of 2023 — forecast by so many — didn’t occur. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. 9, 2020: 1. percent, the U.S.

Marketing 511