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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. Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. from June 2021, when 297,600 workers were employed at mortgage banking firms. higher than its pre-pandemic level.

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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The Fed didn’t want mortgage rates to go lower or the stock market to rally. Employment declined in retail trade and transportation, and warehousing. We shall see. percent, the U.S.

Marketing 499
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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.

Retail 158
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Why mortgage rates fell with a stronger jobs report

Housing Wire

Notable job gains occurred in leisure and hospitality, retail trade, government, and health care. Employment declined in information and in transportation and warehousing. Jobs, jobs, job s From BLS : Total nonfarm payroll employment rose by 311,000 in February, and the unemployment rate edged up to 3.6 percent, the U.S.

Mortgage 382
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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 388
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Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

In February 2020, a combined 300,000 were employed in “ real estate credit ” and as mortgage and nonmortgage loan brokers. Also worth noting as we enter the holiday season, employment in retail trade (down 30,000 jobs), and transportation and warehousing (down 15,000 jobs) decreased in November. Presented by: Change Wholesale.