Construction employment was stagnant in July, too, a disappointing data point for the housing market, which is woefully undersupplied.
“Job creation was healthy in July but wage growth was still anemic,” Redfin Chief Economist[...]
Last week, we got even more evidence that the mortgage system is seriously out of whack. This week, the Fed speaks and we get several reads on the housing market. The Census Bureau reports on new construction, the National Association of[...]
Denver Sees 6.8% Increase in Inventory, First Growth Since October 2010Sales of Multifamily Units in Nashville Up an Astonishing 166.7%Median Sale Price in Washington, DC Area Falls 0.3%, First Drop Since February 2011The supply of[...]
Jobs: Good. Wages: Not so good. Housing: Moody. Turns out Americans weren’t immune to the summer spectacle in Greece and China, according to Fannie Mae. But the economic recovery continues to chug along. This week we get data on retail[...]
Prices Soar 14.8% in Denver and 16.3% in San Francisco over Last YearBoston Home Sales Increase 49.3% in One MonthU.S. Home sales increased 11.4 percent in June compared to the same time last year, leaving buyers with the lowest supply of[...]