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Mortgage rates fall as labor market normalizes

Housing Wire

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. At the time this would be a speedy labor market recovery, and it happened on schedule, too Total employment data 4.

Marketing 506
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Which Markets Are the Nation’s Renters Targeting?

Appraisal Buzz

RentCafe has analyzed the nation’s rental market for the first half of 2024, ranking the most sought-after markets for rentals. Overland Park did knock Minneapolis out of the top spot in April, while Atlanta emerged as the top market to watch in 2024 after attracting the highest number of online engagements on RentCafe.com in 2023.

Marketing 397
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Jobs data shows the truth about the labor market

Housing Wire

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. From the St.

Marketing 460
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Why is Data Science Used by Big Business?

George Dell

These business segments include but are not limited to marketing, transportation, telephony, medicine, insurance, finance, entertainment and many others. Why are so many business segments utilizing Data Science in their business decisions?

Business 195
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Cooling inflation in February brings hope that Fed rate hikes are over

Housing Wire

The year-over-year increase can be attributed to large annual jumps in the indexes for transportation services (+10.2%), energy services (+13.3%), and food (+9.5%). Transportation services jumped 1.1% The labor market is still proving to be surprisingly resilient in the face of eight rate hikes over the past year. in January.

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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

HUD offers insurance for manufactured housing mortgages under its Title I program, which is more than 50 years old. Specifically, HUD officials said they are looking to “raise the Title I loan limits so that those loan limits are appropriate for today’s market.”. billion chattel market. FHA financed about 34% of the $15.2

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Inflation cooled further in March, but shelter costs are still high

Housing Wire

Indexes that contributed to the annual increase were food (+8.5%), motor vehicle insurance (+15.0%), household furnishings and operations (+5.6%), recreation (+4.8%), and new vehicles (+6.1%). Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. compared to March 2022.