Tag Archives: department of labor

Homebuyers came out in force last week, and rates are trending down

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Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge. Continue reading →

Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week

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Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting three small rate cuts this year rather than a dramatic move next week. Continue reading →

Inflation stays flat in October, but shelter costs continue to rise

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The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday.  Continue reading →

Real estate hiring beats national job gains again in March

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Brokerages and other real estate companies added 6,300 new jobs in March, a rate of payroll growth that exceeded that of the United States at large. Continue reading →

Bad jobs report could hold silver lining for housing

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The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading →

Employment falls for first time in a decade, full picture yet to emerge

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The real estate sector lost 3,400 jobs in the first two weeks of March. The numbers don’t reflect 10 million claims filed over the past two weeks. Continue reading →