Record high foreclosures and a high jobless rate both pose significant challenges to the housing market, but some recovery in labor markets and record low mortgage rates could partly overcome other pressures, said the study from the Joint Center for Housing Studies at Harvard. “If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound,” Eric Belsky, executive director of the center, said in a statement.
Jobs, key to housing recovery
Most Popular Articles
Latest Articles
Mr. Cooper delivers $48M profit in Q1 2024
Mr. Cooper Group unveiled strong financial results in first-quarter 2024, buoyed in part by a strong servicing and subservicing business.
-
At World Properties settles the commission lawsuits
-
Mortgage demand slumps as interest rates move higher: MBA
-
Special report: The brokerages gaining or losing market share in Dallas
-
Technology’s role in rental property investment market
-
Best real estate continuing education schools for quick and easy license renewal in 2024