Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60,000 jobs a month. Continue reading
Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. Continue reading
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading