Nationally, home prices have shown steady year-over-year gains since spring. However, this pattern started even earlier in the Midwest and parts of Florida as evidenced by the top five markets in terms of median home price growth between the 3rd … [Read more...]
Local Market Reports: Unemployment Rate
The unemployment rate has fell over the 12-month period ending in September of 2011, in the majority of the 154 markets monitored by NAR Research. The largest decline occurred in Farmington, New Mexico, where the unemployment fell from 9.1% to 6.5% … [Read more...]
Local Market Reports: Employment Improvement
Employment is important for making a home purchase and job loss is one of the main triggers of foreclosure. Rising employment helps to build consumer confidence and to ameliorate distress among homeowners. Over the 12-month period ending in October, … [Read more...]
Unemployment Rate: June 2012 Vs. June 2011
Employment has been steadily growing over the last year and a half, an important trend for the housing market as employment growth builds confidence as well as the financial means for would-be buyers to make a home purchase. Only 15 of the 164 … [Read more...]
