Sellers, please note….This could be the light at the end of the tunnel!
The statistics are out! In 2015, the US added 2.65 million jobs. For the 3rd month in a row, the unemployment rate held steady at 5%. While any percentage of unemployment is a negative, most economic strategists look at 5% as a positive overall. This information is an indicator of a strengthening housing market. Why? Well, especially in the Houston/Katy/Richmond areas, more jobs equal more of a demand for housing.
Jonathan Smoke, the Chief Economist for Realtor.com is quoted saying, “Job creation is the most important leading indicator of a steady demand of housing.”
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