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/PRNewswire/ -- The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row,...
The housing inventory recovery continued to accelerate in July, as active listings increased at a record annual pace for the third straight month, according to a new report. Realtor.com today released its Monthly Housing Trends Report, noting that while buyers had nearly a third more for-sale home options in July than they had a year earlier, competition remained largely in favor of sellers, with listing prices near all-time highs and homes selling faster than before the COVID-19 pandemic.
If the U.S. economy is in a recession, someone forgot to tell the jobs market. According to the latest report from the U.S. Bureau of Labor Statistics, the U.S. added a staggering 528,000 jobs in July. That’s more than double economists’ estimates and nearly 15% above the average monthly gain of 461,000 through the first half of the year.
U.S. Employers added 528,000 jobs in July, bringing unemployment down to levels not seen since February 2020.
Higher mortgage rates are pushing many homebuyers into the rental market, despite rising rents, transforming the real estate ...