{"id":33726,"date":"2015-06-08T15:03:16","date_gmt":"2015-06-08T22:03:16","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=33726"},"modified":"2020-10-06T17:08:32","modified_gmt":"2020-10-07T00:08:32","slug":"will-a-burst-of-job-creation-lift-housing","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/","title":{"rendered":"Will a burst of job creation lift housing?"},"content":{"rendered":"

So far, 2015 is shaping up to be a good year for job hunters. In fact, the labor market hasn\u2019t been this strong since the first half of 2006, when the housing market was soaring. But new jobs aren\u2019t enough to give a lift to housing. Stable employment and increasing wages matter most over the long term.
\nMay\u2019s employment report was the best in five months, posting 280,000 new jobs. On average, the economy has added 207,000 jobs a month over the last three months and payrolls have increased 2.2 percent from the same time last year.
\nIn the midst of this labor recovery it\u2019s easy to wonder what affect job growth is having on housing. In Denver, the fastest housing market in the country, employment has increased from a year ago a full percentage point above the national average, to 3.2 percent. A typical home in Denver sells within five days; 75 percent of listed properties are off the market in less than a week. That\u2019s fast.
\nSeattle has seen jobs increase nearly 4 percent from last year, and the housing market is feeling the love there, too. The typical home sells in less than two weeks and supply is firmly tilted towards sellers. Seattle has just two months of inventory to meet buyer demand; six months is considered a balanced market.
\nIn contrast, the slowest real estate markets are also where employment growth has trailed the national average. Total employment is up a mere 0.9 percent in Allentown, PA from a year ago, less than half the national average. Homes typically stay on the market for 96 days and less than 2 percent sell in two weeks. There are enough homes for sale in Allentown to meet demand for more than a year.
\nThen there\u2019s Las Vegas, a relatively healthy 3.2 percent increase in employment wasn\u2019t enough to offset the 7.1 percent unemployment rate. The take-away? Job growth alone isn\u2019t enough to trigger a robust housing market.
\n April Jobs and Housing Data<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nUnemployment Rate<\/th>\nEmployment Growth,
\nYOY Percent Change<\/th>\n		Days on Market<\/th>\nOff Market in 2 weeks<\/th>\nMonths of Supply<\/th>\n<\/tr>\n
National<\/td>\n5.5%<\/td>\n2.2%<\/td>\n31<\/td>\n34%<\/td>\n4.5<\/td>\n<\/tr>\n
Fastest Markets<\/td>\n<\/tr>\n
Denver<\/td>\n4.2%<\/td>\n3.2%<\/td>\n5<\/td>\n73%<\/td>\n1.9<\/td>\n<\/tr>\n
Seattle<\/td>\n3.9%<\/td>\n3.8%<\/td>\n9<\/td>\n62%<\/td>\n2<\/td>\n<\/tr>\n
Austin<\/td>\n3.0%<\/td>\n3.1%<\/td>\n11<\/td>\n56%<\/td>\n3.4<\/td>\n<\/tr>\n
Oakland<\/td>\n4.0%<\/td>\n3.7%<\/td>\n12<\/td>\n68%<\/td>\n1.7<\/td>\n<\/tr>\n
Dallas<\/td>\n3.7%<\/td>\n3.7%<\/td>\n14<\/td>\n52%<\/td>\n3.2<\/td>\n<\/tr>\n
Slowest Markets<\/td>\n<\/tr>\n
Allentown<\/td>\n5.0%<\/td>\n0.9%<\/td>\n96<\/td>\n2%<\/td>\n12.7<\/td>\n<\/tr>\n
Long Island<\/td>\n5.6%<\/td>\n1.4%<\/td>\n86<\/td>\n6%<\/td>\n12.6<\/td>\n<\/tr>\n
Indianapolis<\/td>\n4.3%<\/td>\n2.8%<\/td>\n72<\/td>\n2%<\/td>\n6.6<\/td>\n<\/tr>\n
Las Vegas<\/td>\n7.1%<\/td>\n3.2%<\/td>\n67<\/td>\n6%<\/td>\n5.8<\/td>\n<\/tr>\n
Philadelphia<\/td>\n5.1%<\/td>\n1.2%<\/td>\n63<\/td>\n14%<\/td>\n8.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So far, 2015 is shaping up to be a good year for job hunters. In fact, the labor market hasn\u2019t been this strong since the first half of 2006, when the housing market was soaring. But new jobs aren\u2019t enough to give a lift to housing. Stable employment and increasing wages matter most over the long term.<\/p>\n","protected":false},"author":13421,"featured_media":19137,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[78,32,14],"coauthors":[69,163],"class_list":["post-33726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-career","tag-housing-market-tracker","tag-industry"],"acf":[],"yoast_head":"\nWill a burst of job creation lift housing? - Redfin Real Estate News<\/title>\n<meta name=\"description\" content=\"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will a burst of job creation lift housing?\" \/>\n<meta property=\"og:description\" content=\"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-08T22:03:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T00:08:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nela Richardson, Suzanne Harrison\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nela Richardson, Suzanne Harrison\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/\"},\"author\":{\"name\":\"Nela Richardson\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/bdc24eea913c8cb2aa374507a15cbeaf\"},\"headline\":\"Will a burst of job creation lift housing?\",\"datePublished\":\"2015-06-08T22:03:16+00:00\",\"dateModified\":\"2020-10-07T00:08:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/\"},\"wordCount\":371,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Showtime-Homeland-House.jpg\",\"keywords\":[\"Career\",\"Housing Market Tracker\",\"Industry\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#respond\"]}],\"copyrightYear\":\"2015\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/\",\"name\":\"Will a burst of job creation lift housing? - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Showtime-Homeland-House.jpg\",\"datePublished\":\"2015-06-08T22:03:16+00:00\",\"dateModified\":\"2020-10-07T00:08:32+00:00\",\"description\":\"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Showtime-Homeland-House.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Showtime-Homeland-House.jpg\",\"width\":640,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/will-a-burst-of-job-creation-lift-housing\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will a burst of job creation lift housing?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/bdc24eea913c8cb2aa374507a15cbeaf\",\"name\":\"Nela Richardson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g5f13dd2607eeea8d60a440b621ce21b1\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g\",\"caption\":\"Nela Richardson\"},\"description\":\"Nela leads Redfin\u2019s housing market research team on data reports that help Redfin customers make informed choices. She comes to Redfin from Bloomberg LP, where she served as a senior economist with Bloomberg Government. She also served in past roles in the mortgage industry, capital markets and financial policy. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \\\"Why Redfin?,\\\" page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/nela-richardsonredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Will a burst of job creation lift housing? - Redfin Real Estate News","description":"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/","og_locale":"en_US","og_type":"article","og_title":"Will a burst of job creation lift housing?","og_description":"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.","og_url":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2015-06-08T22:03:16+00:00","article_modified_time":"2020-10-07T00:08:32+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg","type":"image\/jpeg"}],"author":"Nela Richardson, Suzanne Harrison","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Nela Richardson, Suzanne Harrison","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/"},"author":{"name":"Nela Richardson","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/bdc24eea913c8cb2aa374507a15cbeaf"},"headline":"Will a burst of job creation lift housing?","datePublished":"2015-06-08T22:03:16+00:00","dateModified":"2020-10-07T00:08:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/"},"wordCount":371,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg","keywords":["Career","Housing Market Tracker","Industry"],"articleSection":["Housing Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#respond"]}],"copyrightYear":"2015","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/","url":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/","name":"Will a burst of job creation lift housing? - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg","datePublished":"2015-06-08T22:03:16+00:00","dateModified":"2020-10-07T00:08:32+00:00","description":"The labor market hasn\u2019t been this strong since 2006, when the housing market was soaring. But new jobs aren\u2019t enough. Wages and stability matter most.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/10\/Showtime-Homeland-House.jpg","width":640,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/will-a-burst-of-job-creation-lift-housing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Will a burst of job creation lift housing?"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/bdc24eea913c8cb2aa374507a15cbeaf","name":"Nela Richardson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g5f13dd2607eeea8d60a440b621ce21b1","url":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g","caption":"Nela Richardson"},"description":"Nela leads Redfin\u2019s housing market research team on data reports that help Redfin customers make informed choices. She comes to Redfin from Bloomberg LP, where she served as a senior economist with Bloomberg Government. She also served in past roles in the mortgage industry, capital markets and financial policy. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \"Why Redfin?,\" page.","url":"https:\/\/www.redfin.com\/news\/author\/nela-richardsonredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/33726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13421"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=33726"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/33726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/19137"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=33726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=33726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=33726"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=33726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}