Employment nationwide is expected to rise about 14 percent by 2020, according to Bureau of Labor Statistics. Some metro areas are expected to see bigger growths in the job market than others, which could prove well for growing their housing markets too.
Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports.
Women are better at managing their social media pages more responsibly and more securely than men, according to a new study by the Pew Internet & American Life Project, which polled more than 2,000 adults about how they manage their social media profiles.
The Federal Reserve is running out of options to help the housing market, and it’s time lawmakers step-up and do more, according to a paper by top economists, which was presented Friday at the U.S. Monetary Policy Forum.
A former Countrywide Financial employee alleges that he witnessed the lender inflating appraisals used for loans insured by the government, according to recently unsealed court papers in a $1 billion settlement between Bank of America and the U.S. Attorney’s Office in the Eastern District of New York. Countrywide is now owned by Bank of America.
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of REALTORS®.