Instant Reaction: Jobs, December 8, 2023

Jobs are still being added to the economy, with 199,000 net new payroll gains in November. Compared to the peak employment prior to the pandemic in early 2020, there are 4.7 million more Americans working now. Mortgage rate movements may determine entry timing, but jobs are the source of long-term h

Instant Reaction: Mortgage Rates, December 7, 2023

The mortgage market continues to improve for home buyers. The 30-year fixed mortgage interest rate hit an average of 7.03% this week. In just 6 weeks of decline, this makes a considerable difference for a home buyer purchasing a $400,000 home. A monthly mortgage payment of $2,135 is a monthly saving

October 2023 Pending Sales Fall to Lowest since April 2020

NAR released a summary of pending home sales data showing that October’s pending home sales pace declined 1.5% from last month and fell 8.5% from a year ago. The pending sales index in April 2020 was 71.8 during the pandemic. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_para