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Latest unemployment drop may boost housing

Mar 08, 2016
The economy is adding jobs, and that likely will bode well for the housing market in the coming months as consumers feel more confident about their earnings, economists say. With 242,000 jobs added to the U.S. economy in February, the unemployment rate is now at 4.9 percent, according to new data released by the Bureau of Labor statistics.’s Chief Economist Jonathan Smoke said February’s employment situation report should strengthen confidence and that the strong pace of job creation should lead to continued positive household formation. 
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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.