Saturday, March 25, 2023 | The Latest Buzz for the Appraisal Industry

Employment Growth Hitting Housing Sweet Spot

By Jann Swanson

Posted To: MND NewsWire

It has been a long time coming but CoreLogic says the improving employment numbers are strongest among precisely the demographic the housing industry has hoped for, the age group most likely to be first time home buyers. The country has been waiting for several years for so-called Millennials – those born roughly between the early 1980s and the early 2000s – to begin forming households and buying homes, but impeded to some extent by poor employment prospects and high debt levels they have delayed both of those steps. CoreLogic’s 2015 Housing Outlook notes that the post crisis economic expansion, just ending its fifth year, is now seeing steady improvement in the most important of the economic fundamentals, such as consumption and capital investments. Among them employment grew at an average…(read more)

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