‘Normal’ Unemployment: It’s Not What It Used to Be
The unemployment rate may be normal by the Fed’s definition, but the labor force has changed a lot.
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Housing Market News
February Comes in Solid with Stable Price Growth, More Home Sales and New Listings
The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot up by 11.5 percent over last year, the largest increase since October 2013. Across the 50 major metros that Redfin tracks, the number of homes sold increased 3.2 percent year
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Americans Want Change in Real Estate
In a survey of nearly 1,000 recent homebuyers and sellers, we found that most consumers welcome an alternative to the traditional real estate experience. Respondents gravitated toward lower fees and tech-based solutions.
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Homebuyers Might Join Fed In Losing Patience
Patience. A lot of would-be buyers have had it in spades as they shop for a home. One reason: Mortgage rates are near historic lows and there’s little reason to think they’re going up. But that may be changing.
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Low-Paying Jobs Are Good for Housing, Especially Now
While low-paying jobs in hospitality and retail are easy to dismiss in terms of their significance to the housing market, they do in fact play a role.
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Bidding Wars Hit Oakland Amid Tight Supply
At the end of January, Oakland had only six weeks of inventory remaining. That’s leading to bidding wars.
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