This week, Senior Economist George Ratiu talks about the latest jobless claims numbers which show slight improvement. He also mentions the increase in May’s job openings, and the change in consumer credit.
George offers an overview of this week’s housing data, as buyers return to markets amid record low mortgage rates. He mentions Freddie Mac’s 3.03 percent rate for a fixed-rate 30-year loan and the bump in mortgage applications.
George talks about the continuing decline in inventory which is driving price growth at a faster pace than the pre-pandemic period. He discusses realtor.com® trends on total listings, sourced from the Weekly Housing Trends View, and highlights the latest Housing Market Recovery Index, with insights from Javier Vivas, which shows real estate markets rebounding from lockdown lows.
For more real-time updates, follow the realtor.com economics team on twitter: @rdc_economics.
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Learn More about the home buying process: “Home Buying 101: How Do I Get Started?”