Expect Fed to raise rates in June
By Brena Swanson | HousingWire
Economists agree that the April jobs report proved the economy is moving along at a healthy pace despite the disappointing job numbers in March.
But when it comes to the housing market specifically, this positive report does little to help the factors that are really blocking growth in housing.
As a refresher, the total nonfarm employment increased by 211,000 in April, according to the U.S. Bureau of Labor Statistics. This is up from March’s increase of 79,000 and nearly matches February’s increase of 235,000.
“Today’s report is solid for sure,” explained Nela Richardson, chief economist at Redfin. “Though, it will have little impact on the trajectory of the housing market this spring and summer.”
