Real estate workforce grows twice as fast as other sectors in February
Employers in the real estate sector expanded their workforces by nearly 1% in February, roughly doubling the national job growth pace
by Daniel Houston Mar 4
New jobless claims see unexpected rise, surpassing pre-COVID record
Initial jobless claims for the week ending March 27 rose to 719,000, a number that surpassed the pre-coronavirus record, just one week after filings hit a pandemic low
638,000 jobs added in October — but unemployment remains high
The unemployment rate declined to 6.9%, according to the Bureau of Labor Statistics, but the country as a whole is still down about 10M jobs since February's pre-pandemic levels
Homeownership affordability drops in two-thirds of U.S.
Median prices of single-family homes and condos are now less affordable than historical averages in 63% of counties, up from 54% one year ago, according to a new report
by Lillian Dickerson Sep 23
Agent wages are rising, but not everywhere or for everyone
New data shows that as of May 2019 the average U.S. agent salary was $62,060. But wages are moving in different directions in different states
by Jim Dalrymple II Jul 29
US home affordability makes gains in second quarter
In the second quarter of 2020, median prices of single-family homes and condos have been more affordable than historic averages in nearly half of the United States
by Lillian Dickerson Jun 24
Employment falls for first time in a decade, full picture yet to emerge
The real estate sector — which includes rental and leasing — lost 3,400 jobs in the first 2 weeks of March. The numbers don't reflect 10 million claims filed over the past 2 weeks
by Patrick Kearns Apr 3
Are we in a housing bubble? It depends on who you ask
Despite declines in 3 key housing market indicators, most real estate economists say nay to the bubble — but one argues an 'apartment bubble' is gaining momentum
by Patrick Kearns Jul 6
Unemployment rate climbs to 4% in latest jobs outlook
Real estate industry added 3,800 jobs in June
by Patrick Kearns Jul 6
US housing starts reach highest level in over a decade
Good news for an inventory-challenged market, but a shortfall of new permits could spell trouble down the line
by Patrick Kearns Jun 19
A man in a tie circling jobs in a newspaper
Gaps between historical employment rates of men/women and college educated workers could be telling
by Marian McPherson Oct 7
Why the job recovery was and still is a farce
The non-farm payroll (NFP) report doesn't give all the answers
by Louis Cammarosano Nov 11