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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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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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