Latest Consumer Price Index data leaves door open for March rate cut

The Consumer Price Index rose at an annual rate of 2.7 percent in December, leading many to believe the Fed will hold rates steady this month. But if market conditions cool in upcoming months, a March rate cut may be in the cards. Continue reading

Construction labor market facing ‘alarming deterioration’

A deteriorating labor market could include a silver lining for real estate as mortgage rates continue to slide and runway appears open for rate cut by the Federal Reserve later this month. Continue reading

Bureau of Labor Statistics revises job growth downward by 818K

The numbers suggest that the labor market cooled off much faster than was previously thought and is not in as strong a position as believed. The Federal Reserve now also has a case to make a bigger cut in interest rates than initially anticipated come … Continue reading

Hiring is on the rise, but also worse than once thought. What gives?

Real estate didn’t shed an unusual number of workers in August. But there are fewer jobs than it once seemed. Inman explains the paradox. Continue reading

What down market? Payrolls are just fine in the brokerage world

Home transactions may be down, but you wouldn’t know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

US rent hits just shy of all-time record high: Report

Despite having cooled for more than a year, the median asking rent in the U.S. remained just $24 below its all-time high as of June 2023, Redfin reported. Continue reading

Builder hiring ramps up while real estate brokerages keep pace

Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics. Continue reading

Hiring in real estate ramps up — but lags behind other industries: Labor

May was a strong hiring month for the U.S. as a whole. But in a down market, real estate didn’t quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics. Continue reading

What layoffs? Most of real estate industry is ramping up, data shows

Employers posted another hot hiring month as the spring housing market picked up, exceeding strong overall numbers, according to data released Friday by the U.S. Bureau of Labor Statistics. Continue reading