The Weird Housing Market, in 5 Charts

The Weird Housing Market, in 5 Charts

Real estate prices have held up better than expected given the high interest rates. But that doesn’t mean the real estate market is healthy. When the Federal Reserve began raising interest rates in 2022, most economists assumed that the housing market would be the first to suffer the consequences: Higher borrowing costs would make buying…

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U.S. Job Market Eases, but Hiring Remains Firm

U.S. Job Market Eases, but Hiring Remains Firm

The American labor market could shift into lower gear this spring, a turnaround that economists have been anticipating for months following a strong recovery from the pandemic shock. As the Labor Department reported on Friday, employers added 175,000 jobs in April, falling short of forecasts. The unemployment rate rose to 3.9 percent. A slower expansion,…

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What Comes Next for the Housing Market?

What Comes Next for the Housing Market?

Federal Reserve officials plan to cut interest rates this year, real estate agents are likely to cut their commissions after a major deal and President Biden has begun looking at ways his administration can reduce high housing costs. In short, there are many changes in the housing market. While sales have slowed significantly due to…

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