Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
Good news about economy could send mortgage rates back up
Surprising employment and GDP numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation
by Matt Carter Jun 29
Hiring in real estate ramps up — but lags behind other industries: Labor
May was a strong hiring month for the US as a whole. But in a down market, real estate didn't quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jun 2
Housing is outperforming, but recession may still be in the cards
Fannie Mae economists say 'extraordinarily tight' inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes
by Matt Carter May 19
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Redfin economist: The Fed can change its mind
Abrupt policy shift not expected, but Fed chair confirms that, 'If things come in better than we expect, then we’re prepared to do less'
by Matt Carter May 13
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
Construction and real estate employment fall in Feb. jobs report
Construction employment declined by 61,000 as the real estate industry yearns for more housing
by Patrick Kearns Mar 5
Foreclosure ban and mortgage forbearance through June
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
by Andrea V. Brambila Feb 16
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
New unemployment claims hover above 1M for 11th straight month
New unemployment claims remain sky high, according to data from the US Department of Labor, even as the COVD-19 vaccine becomes more widely available
by Patrick Kearns Feb 4
New jobless claims dip below 1M as Biden steps into presidency
A total of 960,668 initial claims were filed, a decrease of 151,303 from the week prior, for the week ending Jan. 16, according to data Thursday from the US Labor Department
by Patrick Kearns Jan 21
Jobless claims drop for 2nd straight week — but Google searches are up
More than 840,000 Americans filed new unemployment claims last week as lawmakers agreed on a stimulus deal. Meanwhile, Goggle searches for 'file for unemployment' soared
by Patrick Kearns Dec 31
As COVID cases rise, new jobless claims trend in the wrong direction
Approximately 885K Americans filed new unemployment claims last week, up from 853K the week prior, according to data released by the US Department of Labor
by Patrick Kearns Dec 17