Initial Claims Under 700,000 First Time in Year
Initial claims for unemployment insurance fell by nearly 100,000 last week, dropping below 700,000 for the first time since the coronavirus pandemic staggered the U.S. economy last March, the Labor Department reported yesterday.
Final 4Q GDP Sees 4.3% Increase
Real gross domestic product increased at an annual rate of 4.3 percent in the fourth quarter, according to the "third" (final) estimate released by the Bureau of Economic Analysis.
Office Demand Approaches Pre-COVID Levels in Some Large Markets
One year after the pandemic started, demand for office space in the country’s largest markets is approaching pre-COVID levels and recovery appears to be looming for several markets, reported VTS, New York.
Redfin: Bidding-War Rate Intensifies as Housing Shortage Fuels Fierce Competition
Redfin, Seattle, reported nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up from a revised rate of 59.3% in January, the 10th-straight month in which more than half of offers encountered competition.
A Conversation with MBA Affordable Housing Advisory Council Co-Chairs
The Mortgage Bankers Association recently created two Affordable Advisory Councils, dedicated to supporting CONVERGENCE, the MBA Affordable Housing Initiative. These Councils are currently led by four senior executives: Christine Chandler (M&T Realty Capital Corp.), Tony Love (Bellwether Affordable Housing Group), Anthony Weekly (Truist Bank) and David Battany (Guild Mortgage).