Tag Archives: job market

According to CoreLogic, the nationwide delinquency rate dropped to 1.1%, the lowest level reported in 23 years, as the unemployment rate remains near an all-time low.

Will the recession brought on by COVID-19 be a long one? One economist seems to believe it will be short-lived.

With the latest Bureau of Labor Statistics report released, find out how the industry is reacting to a downtick in new employment.

Here's what a Fannie Mae report revealed about the housing sector amidst an economy that is set to grow.

With the job market improving, delinquencies are starting to shrink. See just how much delinquencies and foreclosures have dropped in the last few months.

In his commentary, Kan mentions that refinances are expected to be $551 billion in 2015, compared to a previously estimated $510 billion. MBA now estimates a total of $1.28 trillion in mortgage originations for 2015, compared to $1.12 trillion in 2014.

The percentage of U.S. mortgages that are seriously delinquent fell to the lowest point since the first quarter of 2008 as the overall U.S. economy continues to pick up. The improving job market has contributed to helping more borrowers stay current on their mortgage payments and thereby avoid delinquencies and foreclosures.

The ADP National Employment Report for July 2014 shows that job growth continued throughout the month in yet another step along the way to full economic recovery. The report followed nonfarm private employment for approximately 24 million workers in the United States, who saw the addition of 218,000 jobs in July. The increase continues a trend that has been ongoing for several months.

With the spring buying season in the housing market right around the corner and stronger employment numbers reported, confidence is gaining that economic recovery is right around the corner. The National Association of Home Builders (NAHB) found 59 of the 350 metro markets examined have returned to or exceeded their last normal levels of economic and housing activity.

Freddie Mac released its latest Economic and Housing Market Outlook, expecting home sales to grow along with wages this year, despite a still-tough job market in most sectors. Freddie is projecting a 3 percent rise in home sales and a 20 percent rise in new home construction in 2014, which the agency expects to level out to a 5 percent overall growth.