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2025 labor market holds key for mortgage rates

Housing Wire

Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. economy can withstand job losses in the government sector, reduced spending in the economy, and a housing market on the brink of losing residential construction projects. Bureau of Labor Statistics.

Marketing 388
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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). The city is also home to important companies in the pharmaceutical industry such as Eli Lilly and Roche Diagnostics.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 448
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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

However, homebuyers are resourceful and show signs of adaptation to the current market BofA researchers found that homebuyers were willing to sacrifice several features to find their home quicker. There were also some generational disparities in what would-be buyers were willing to sacrifice.

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. There are excellent schools and great transportation into Manhattan, but if you go a little bit north you can go hiking. Recently, Bergen County has been home to one of the hottest housing markets in the country.

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Kingston is latest hot housing market for those leaving NYC

Housing Wire

The proximity to New York City — and the abundance of public transportation that can take you there — is also a factor. “At any time during the day, I’ve got people in my shops, looking in my windows at houses to buy. . Morrison cited the air quality, hiking, skiing, hunting, and fishing as the main perks.

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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.