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Tag Archives: Housing Market

Unemployment Rate Skyrockets to 14.7%

The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS).  The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...

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Why are Homeownership Rates Falling?

  Despite all signs pointing toward a growing housing sector—record-low mortgage rates, strong refinance activity, and falling interest rates—information from Axios shows homeownership rates are dropping across the board.  From 2002 to 2018, the homeownership rate for ages 35-64 have ...

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The Fastest Growing Household Debt for Borrowers

J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers.  “Although the financial returns from a higher education degree over a lifetime typically ...

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What Does the Jobs Report Mean for Housing?

U.S. employers continued their trend of adding workers, as the Labor Department reported the economy added 164,000 jobs in July and the unemployment rate held at 3.7%.  The Labor Department also reported that average hourly earnings exceeded expectations, rising 3.2% ...

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