Why is the current housing market so expensive? "Blame the boomers," one economist says.
It may seem paradoxical, but the aging boomer population is sparking more demand for housing, Barclays said.
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It may seem paradoxical, but the aging boomer population is sparking more demand for housing, Barclays said.
The US stock markets are jumpy amid analyst firms downgrading banks and some analysts suggesting the economy is still not out the recession danger.
U.S. employment in March was revised down by 306,000, mostly reflecting somewhat lower job growth in the prior 12 months. Job gains were still strong
Even with a downward revision, average job growth would still be strong at around 300,000 payrolls a month.
JPMorgan Chase’s Daniel Silver estimates that Wednesday’s government preliminary benchmark revision will shave about 500,000 jobs off the level of total employment for March.