• October 9, 2022
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• October 5, 2022
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• realestatelife

Jobs, Jobs, Jobs: September ADP Employment Change was a little stronger than expected (208K vs. est. of 200K). Annual Pay rose by 7.8% for “job stayers” and up 15.7% for “job changers” Taking it to the House: Weekly Mortgage Applications tanked by -14.2%. Refinance Applications fell by -17.8% and Purchase Applications declined by -12.6% Trade

• September 16, 2022
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When you’re buying a house, sorting out funding is often more challenging than finding the perfect home. From saving for a down payment to securing financing to managing your obligation long-term, there’s a lot of decision-making to be done. To kick off your research, here are some outside-the-box ideas from Your Real Estate Life /

• September 15, 2022
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The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations

• September 2, 2022
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U.S. job growth moderated in August from a torrid pace the previous month, but hiring remained solid despite growing headwinds from higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 315,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, in line with the 300,000 jobs forecast by Refinitiv

• August 25, 2022
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GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession.  Second-quarter GDP was initially reported to have shrunk 0.9% The U.S. economy shrank at slightly slower pace in the second quarter than previously reported, but continued to meet the criteria for a so-called technical recession as raging inflation and higher

• August 24, 2022
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The National Association of Realtors said on Wednesday that its pending home sales index tumbled 19.9% in July compared with the same month one year ago. On a monthly basis, pending home sales dropped 1% – less than the 4% decline projected by economists.

• August 17, 2022
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Federal Reserve officials indicated at their July meeting that additional interest rate hikes are necessary in the coming months until policymakers see evidence that inflation has cooled “considerably.” Minutes from the U.S. central bank’s July 26-27 meeting released on Wednesday show that policymakers reiterated the need to raise interest rates to a level that brings

• August 10, 2022
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The Labor Department said Wednesday that the consumer price index rose 8.5% in July from a year ago, below the 9.1% year-over-year surge recorded in June.

• August 5, 2022
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U.S. job growth unexpectedly accelerated in July, defying fears of a slowdown in hiring even as the labor market confronts the twin threats of scorching-hot inflation and rising interest rates. Employers added 528,000 jobs in July, the Labor Department said in its monthly payroll report released Friday, blowing past the 250,000 jobs forecast by Refinitiv economists.