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- 02/08/21
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Some more good news: The number of workers seeking unemployment benefits fell for the 3rd straight week, a sign that layoffs have started to ease following an increase in early January. The total remained at a higher weekly level than before a winter surge in coronavirus cases and claims also remained well above the pre-pandemic peak...
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- 11/23/20
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The US housing market remains strong: The NAHB Housing Market Index for November rose to an all-time high of 90 from 85. All three components of the index registered record highs, indicating that builders are extremely optimistic about current and future conditions in the housing market. Housing starts accelerated in October to 4.9%...
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- 10/27/20
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The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.33%,...
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- 10/19/20
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Demand for luxury homes (the most expensive 5% of homes in a given market) is soaring, underscoring how the pandemic has intensified wealth disparities in the U.S. High-end sales jumped 42% in the third quarter from a year earlier, the largest jump dating back to 2013. Sales of mid-priced homes climbed just 3%, while affordable...
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