The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.
Tag: First American
The ‘Great House Moderation’ Varies by Market
Reports from First American Financial Corp., Santa Ana, Calif., and Black Knight, Jacksonville, Fla., show the “Great House Moderation” accelerating, with some markets experiencing steeper slowdowns than others.
An Upbeat Jobs Report, Followed by a ‘Misclassification Error’
At 8:30 a.m. on Friday, the Bureau of Labor Statistics issued a surprising May unemployment report: instead of the 8 million job losses expected by economists’ consensus, the report showed a dramatic 2.5 million increase in jobs, and a 1.4 percent dip in the unemployment rate, from 14.7 percent in April to 13.3 percent. But there was a catch–a huge catch.