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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.
 
REALTOR.com’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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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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