National News

Employment growth misses estimates in April with 266k new jobs

The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.

Mortgage applications dip as rate increases in latest MBA survey

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8% nationwide.

Biden Administration announces additional 22,000 H-2B visas

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

Forbearance rate drops to 4.5%

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

HUD Sec. Fudge: ‘We will enforce U.S. Fair Housing Act’

Housing secretary reaffirms U.S. commitment to closing the racial homeownership gap at a forum with NAR president and top housing officials.

U.S. Supreme Court decision makes it easier for brokers to market their business

Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.

Who made up the National Association of Home Builders in 2020?

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

Redfin closes $608 million takeover of RentPath early

RentPath’s sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in 2022.

Home prices hit 15-year high nationwide

Prices in the Miami metro area were up 7.0% over February 2020. CoreLogic classified Houston’s market as “overvalued.”

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