The joblessness rate is certain to be higher next month, but soon afterward it will steadily fall.
While jobless claims surged at unprecedented levels in March due to the Coronavirus outbreak, unemployment is continuously slowing in April in 26 states across the country.
Older Boomers, aged 65 to 73 years, made up 15% of all homebuyers in 2019. This group had the third-largest share of single female buyers at 22%.
Real estate has been, and remains, the foundation of wealth building for the middle class and a critical link in the flow of goods, services, and income for millions of Americans.
This post takes a deeper look at unemployment insurance claims and provides some additional insights into the labor market for each state.
Although millions of people lost their job due to the growing spread of the coronavirus, a surge of companies is hiring additional employees to accommodate increased demands.
March’s pending home sales pace dropped 20.8% last month and fell 16.3% from a year ago.
During the past year, the NAR Research team has worked on improving survey invitations through multiple strategies, such as adding personalized elements, adopting a format that is more modern and interactive, and including links to relevant pages that could be of interest to members.
The CARES Act stimulus package guarantees that all homeowners with a federally-backed mortgage can receive forbearance for up to one year if they struggle to meet mortgage payments because of a loss of income as a result of the coronavirus pandemic.
Among the 4,063 respondents, 23% expect prices to remain stable, 38% expect prices to increase, and 40% expect prices to fall.
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