• Economy Expands in May-Where Does Housing Stand?

    4 monthes ago - By RIS Media

    The economy in May remained on a soaring streak, with a lift in jobs and the lowest unemployment in years. The expansion is a help for the housing market, but is it enough to relieve supply woes?
    According to Lawrence Yun, chief economist of the National Association of REALTORS® , there is an imbalance between inventory and jobs-conditions that fuel unaffordability, despite earnings increasing 2.7 percent year-over-year.
    “Housing demand will be supported by the continuing job gains, even as mortgage rates rise,” Yun said in a statement. “The latest monthly job addition of 223,000 brings...
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