Despite mortgage rates hovering around three - year lows for most of the year, Yun says scant supply and swiftly rising home prices — which surpassed their all - time high last month2 — are creating an availability and affordability crunch that's preventing what should be a more robust pace of sales. (nar.realtor)
According to Yun, with jobs now being added at a more robust pace in several metro areas, the disparity between housing starts and employment is widening. (rismedia.com)
While that's enough to slowly lower the unemployment rate, it's below the more robust pace of 200,000 jobs a month logged since January. (canadianbusiness.com)