Whether students are beginning middle school or their last year of college, back-to-school season is here. Although many students may grimace when they hear “back to school,” they won’t regret pursuing a higher education as adults as they compete for well-paying jobs and one day, hopefully, buy a home.
The Bureau of Labor Statistics’ employment situation report for May signals good news for the housing market, as the unemployment rate hits an 18-year low, and hourly wages continue to increase.
Topics: Income, Jobs Report
In January of 2013, the mortgage industry witnessed the birth of a new income-underwriting era. The Consumer Finance Protection Bureau (CFPB) published new requirements for mortgage lenders to carefully assess a consumer’s ability to repay their mortgage loan. The new standards were dubbed the “ability-to-repay” rules and were set to take...
Topics: Fraud, Loan Application Defect Index, Income
Yesterday, the Bureau of Labor Statistics released the employment situation report for April. Here are the highlights. Total non-farm payroll jobs increased by 164,000 in April. In fact, total non-farm payroll jobs have now increased every month since October 2010. Since that date, the U.S. economy has added more than 17.5 million jobs. The...
Topics: Housing, Income, Insider, Jobs Report
Today, the Bureau of Labor Statistics released the employment situation report for March. Here are the headlines. Total non-farm payroll jobs increased by 103,000 in March. Total non-farm payroll jobs have increased every month since October 2010. Since that date, the U.S. economy has added more than 17.5 million jobs. The unemployment rate...
First American’s proprietary Real House Price Index (RHPI) looks at October 2017 data and includes analysis from First American Chief Economist Mark Fleming on the market forces that are keeping a lid on affordability.
Topics: Interest Rates, Real House Price Index, Income, Affordability