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Home prices accelerating in areas without mass transit

Housing Wire

Suburbs, rural areas and small towns have been hot since the beginning of the pandemic, with Redfin searches for rural areas and small towns spiking last spring and housing markets in the suburbs heating up more than other neighborhood types throughout 2020, according to Steven Majourau, a Redfin agent in California’s Central Valley.

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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.”

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Job gains exceed expectations in December

Housing Wire

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. The labor market has weathered higher rates rather well, giving the Fed more leeway to prioritize inflation fighting.”

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Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

As of October, there were roughly 385,700 people in those jobs, suggesting that the industry still has a large number of cuts to make in the coming months as the housing market slows further.

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What another strong jobs report means for the mortgage industry

Housing Wire

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. month over month to $34.69

Mortgage 291
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Mortgage rates fall as labor market normalizes

Housing Wire

Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. From BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today.

Marketing 494
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HUD details funding, policy support for green homes and climate resilience

Housing Wire

HUD also published guides designed to assist with mobility improvements and decarbonization of existing transportation systems. We know that as our country invests in sustainable housing, low-income and disadvantaged communities are often left behind,” Todman said in prepared remarks.