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Jobs Slow, Housing Lags | Real Estate News
Published 1 month, 1 week ago
Description
Job growth slowed in June, with fewer people seeking work driving down the unemployment rate—but wages are still being eroded by inflation. The housing market remains steady, not booming, as construction jobs actually declined and mortgage rates held at 6.4%. Homebuyer applications are barely ticking up, while refinancing dips slightly, signaling a quiet, cautious housing market.
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