Tag Archives: Unemployment

Good news about economy could send mortgage rates back up

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Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading →

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

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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 →

Housing is outperforming, but recession may still be in the cards

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Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading →

From ‘Better’ to worse: Real estate companies making layoffs so far

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With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading →

Redfin economist: The Fed can change its mind

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While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading →

New jobless claims see unexpected rise, surpassing pre-COVID record

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Initial jobless claims for the week ending March 27 rose to 719,000, a number that surpassed the pre-coronavirus record, just one week after filings hit a pandemic low. Continue reading →

Reinventing Yourself After a Job Loss

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The devastating unemployment numbers due to the coronavirus pandemic may signify only the beginning of the pain for the newly jobless workers. If you’ve lost your job or will, how can you pick up the pieces? Based on my experience after my layoff in 20… Continue reading →