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Employment

The $79 trillion shift: How lost wages are fueling the housing crisis

Affordability, Employment, Homebuilders, Housing Inventory, Housing Market, HWmember, Mortgage, Politics, Real Estate, Single-Family Housing, Single-Family Rentals /

For years, policymakers and analysts have debated the reasons behind America’s worsening housing affordability crisis. Some point to zoning and land-use restrictions, others to construction bottlenecks or rising interest rates. But a growing body of research suggests a deeper, structural problem; wages simply haven’t kept up with the cost of living. That disconnect — according […]

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Fed cuts rates by 25 bps as inflation lingers, labor market weakens 

Employment, Federal Reserve, HWmember, Inflation, Jerome Powell, LendingLife, Mortgage, Mortgage Rates, Regulatory /

The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, setting the target range at 4% to 4.25%. The first cut since December 2024 marks a new phase in the central bank’s effort to balance maximum employment and stable prices. Economists say it could usher in an easing cycle with direct

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Survey: Job insecurity leading to home purchase delays

Affordability, Agent, Employment, First-Time Homebuyers, Gen Z, Home Prices, Homebuying, HWmember, Millennials, Real Estate, Redfin, Unemployment /

More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said they had already

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Fed holds rates steady amid inflation concerns, resilient job market

Employment, Federal Reserve, HWmember, Inflation, Jerome Powell, LendingLife, Mortgage, Mortgage Rates, Regulatory /

The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry.  The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate

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Bidding wars for mortgage LOs heat up again

Employment, HWmember, IMBs, LendingLife, Loan Officer, Mortgage, Origination, Planet Home Lending /

Bidding wars for producing mortgage loan officers are back with a vengeance — and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. Just ask Candice McNaught, the senior vice president of business development and strategic initiatives at Connecticut-based Planet Home Lending. McNaught has the tough task of

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