Category: Home Buying
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Growing Inventories
One might expect that the new era of low interest rates, the record low unemployment numbers, and spring flowers popping up everywhere would prompt a flood of home buyers into the market. One would be wrong. Both new and existing home sales were down in April. The decline in new home sales, down almost 7%…
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Demand for Higher Loan Limits
The Employment Situation report for October was a solid one again, with 161,000 new jobs, less than analysts’ consensus of 178, but in the mid-range of their estimates. The unemployment rate fell 0.1% to 4.9%, which Econoday says some consider full employment. Probably the sweetest data nugget however was average hourly earnings. They rose “an outsized”…