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Job Gains are Good for the Housing Market. Anemic Wage Growth, Not So Much

Job Gains are Good for the Housing Market. Anemic Wage Growth, Not So Much

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[...]
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Home Prices Are Rising But Mortgage Debt is Falling. What Gives?

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[...]
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Home Sales Up 13.4% in July as Supply Hovers Near Record Lows

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[...]
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Housing Market Feels Greek Jitters; Slow-Motion Economic Recovery Still on Track

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[...]
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June Housing Market Sets All-Time Records for High Speed and Low Supply

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[...]
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