Real Estate News For Investors
- Podcast
- July 31, 2023
U.S. Job Growth Beats Forecasts as Housing Market Slows
The U.S. economy added 165,000 jobs in October, beating expectations as unemployment fell to 4.1%. But despite stronger hiring, the housing market continues to struggle. Zillow reports a sharp decline in home sales and pending listings as elevated mortgage rates keep buyers on the sidelines. Kathy Fettke breaks down the latest jobs report, what it could mean for Federal Reserve policy and mortgage rates, and why a resilient labor market could eventually help revive housing demand.
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Sources: https://www.bls.gov/news.release/archives/empsit_11062026.htm
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