The overall job market is still weak, with only 49,000 net new job creations in January following a 227,000 net loss in December.
Mortgage rates remained unchanged at 2.73% from the previous week. Given mortgage rates follow the trend of the 10-year Treasury yield, rates may rise modestly in the upcoming weeks.
The number of unadjusted new unemployment claims fell last week to 873,966, a decrease of 101,498 claims from the prior week.
This report presents key results about market transactions from the December 2020 REALTORS® Confidence Index survey.
The reasons store closures in 2020 weren't as high as forecasted can be found in retailers' extraordinary measures, consumer spending, and e-commerce.
December’s pending home sales pace declined 0.3% last month but rose 21.4% from a year ago.
Mortgage rates fell further this week, following the trend of the 10-year Treasury yield.
Worth noting is that residential investment posted the strongest growth among all components of GDP, contributing a third of the economic growth in the fourth quarter.
Here are five key trends from the REALTORS® Confidence Index survey of how the pandemic impacted the housing market in 2020.
Generally, taxpayers deduct property and income taxes using the SALT deduction.
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