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U.S. hiring slowed in April, missing estimates

Housing Wire

Job gains were most notable in health care (+56,000), in social assistance(+31,000), and in transportation and warehousing (+22,000). A pullback in housing demand, at the same time inventory is starting to increase, could lead to fewer home sales transactions and slow-growing, or even declining, home prices in some markets.”

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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. “Job seekers are taking longer to find work, and the number of job switchers has declined.” Home sales recorded the lowest activity in 2023 in nearly 30 years.

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What another strong jobs report means for the mortgage industry

Housing Wire

Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. March home sales look to be tracking below last year’s levels even as inventory is starting to increase. month over month to $34.69 and were up 4.1%

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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Transportation and warehousing services peaked around 150 in May of 2022 and has fallen slightly in most proceeding moths, landing at 130 last December.

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

What about financing? Likewise, buyers who are looking for homes that are not electrified usually do not utilize more conventional forms of transportation such as automobiles. Most buyers interested in a home that has not been electrified also rely on horse and buggy as a common form of transportation.

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Affordability boosts Indianapolis housing market 

Housing Wire

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

It deepened an already existing inventory shortage and worsened affordability woes. Almost a third of people surveyed reported being ready to give up on having a brand new home, living close to their family, having access to public transportation, or living in a neighborhood with historical charm.