
MarketMinute | Who's driving the first-time buyer market?
This week's Fed speakers reaffirmed the Board's commitment to a wait-and-see approach to rate changes due to economic uncertainty. New jobless claims were slightly better than expected, while continuing claims rose by 36K. New jobs may be hard to find despite a stable market. In an Achieve survey, 32% of households reported financial gains and 33% declines last year, though 57% had expected growth and 10% worsening. April’s single-family housing starts were 1.6% higher than in March....
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