Mortgage rates fell this week below 3%, following the downward trend of the 10-year Treasury yield.
Advanced estimates of food service and drinking place sales increased 36% in March 2021 from March 2020 figures.
NAR's economists discuss the Snapshot of Race and Home Buying in America report and provide perspectives on how to use it, insights into the data, and talk about the results they found to be most interesting.
While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic.
The housing inventory shortage has been pushing up prices, but also holding back home sales.
U.S. advanced estimates of retail and food service sales for March 2021 recovered from the pull-back in February 2021 as consumer purchases exceeded expectations.
The average rate on the 30-year fixed rate home loan fell for the second straight week to 3.04% from 3.13% the previous week.
According to the Snapshot on Race and Home Buying in America, which uses Census ACS data, the homeownership rate for Black Americans is 42%, Hispanic Americans 48.1%, Asian Americans 60.7%, and White Americans 69.8%.
Over the last 12 months, the inflation rate rose 2.6%, compared to 1.7% in February and 1.4% in January, respectively.
The economy added nearly one million jobs in March, 2021, the fastest acceleration since August, 2020. Although the economy is creating jobs, layoffs are still happening.
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