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NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

by Phil Hall | May 2, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The US economy added 177,000 jobs in April, a stronger than expected number, and Lawrence Yun, chief economist of the National Association of Realtors (NAR), stated this was evidence of a healthy economy. “Income growth is outpacing consumer price inflation,” said Yun...
Senate Democrat Leaders Demand HUD Halt Staff Cuts

Senate Democrat Leaders Demand HUD Halt Staff Cuts

by Phil Hall | Feb 17, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Five Democratic leaders in the US Senate – including Minority Leader Sen. Chuck Schumer (D-NY) and Ranking Member of the Banking, Housing and Urban Affairs Committee Sen. Elizabeth Warren (D-MA) – sent a letter to Housing and Urban Development (HUD) Secretary Scott...
Housing Economists Offer Mixed Views of Latest Jobs Report

Housing Economists Offer Mixed Views of Latest Jobs Report

by Phil Hall | Jun 7, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Housing industry economists had mixed views of today’s data report from the U.S. Department of Labor that found the economy added more jobs than anticipated. During May, nonfarm payrolls expanded by 272,000, up from 165,000 in April and higher than a Dow Jones...

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