What down market? Payrolls are just fine in the brokerage world
Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Aug 4
Real estate payrolls end on a strong note to close out a volatile year
Brokers, agents and homebuilders tallied a solid hiring month amid the holidays even as the downturn in real estate transactions continued, according to the US Bureau of Labor Statistics
by Daniel Houston Jan 6
Homebuilders avoid mass layoffs as brokerages post big hiring month
Sales of new homes have suffered, but plenty of projects remain active. Homebuilders have yet to make steep cuts to their payrolls, according to the US Bureau of Labor Statistics on Friday
by Daniel Houston Dec 2
How COVID made agents rethink retirement, workload and more
Many real estate professionals say the pandemic made them reconsider things like when they want to retire and work-life balance, while others say the last year has just made them want to double down on work
by Lillian Dickerson Jun 28
The real estate industry added a meager 7,100 jobs in January
The gains come at a time when unemployment remains high at 6.3% on the heels of the US adding just 49,000 jobs, according to data released Friday by the US Department of Labor
by Patrick Kearns Feb 5
US lost 140K jobs in December in 'alarming' report
Total payrolls declined for the first time since April due to spiking COVID-19 cases
by Patrick Kearns Jan 8
New jobless claims spiked last week as COVID cases continue to spread
As Congress continued to negotiate a stimulus package, 947K individuals filed new unemployment claims, up 229K from the week prior, according to the Labor Department
by Patrick Kearns Dec 10
Job growth slows in November — and real estate sector saw losses
The real estate sector — which includes rental and leasing — added 8.5K jobs on a seasonally adjusted rate in November and actually lost 3K jobs if unadjusted for seasonality
by Patrick Kearns Dec 4
NAR: After 2020 boost, home sales will leap next year
NAR Chief Economist Lawrence Yun predicts existing-home sales will rise 9% in 2021
by Andrea V. Brambila Nov 18
Beyond the headlines: Jobs beat forecasts, still long way to go
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner examines jobs numbers. Although they beat forecasts, at October's pace, it would still take about another 16 months for employment to return to pre-pandemic levels
by Matthew Gardner Nov 10
New jobs report suggests home affordability could weaken
A dip in prime age participation typically goes hand-in-hand with slower wage growth, according to Odeta Kushi, the deputy first economist at First American
by Patrick Kearns Oct 2
Real estate sector adds 23K jobs
The unemployment rate fell to 8.4% in August, according to new data released Friday by the U.S. Bureau of Labor Statistics.
by Patrick Kearns Sep 4
New jobless claims top 1M for 14th straight week
More than 1.4 million Americans filed for unemployment last week, according to the US Department of Labor
by Patrick Kearns Jun 25
Stunning jobs report shows unemployment dropped in May
The expectation among forecasters was unemployment could climb as high as 20%, but data released Friday showed it actually dropped to 13.3%
by Patrick Kearns Jun 5
5.2M more Americans applied for unemployment last week
More than 20M Americans have filed for unemployment in the past month
by Patrick Kearns Apr 16