In the following video, from the REALTOR.COM YouTube channel, Senior Economist George Ratiu talks about new signs of growth in the economy and real estate markets. He talks about the first quarter GDP advance and the rebound in durable goods orders. He also discusses the welcome decline in jobless claims, and the accompanying jump in consumer confidence.
George talks about the Federal Reserve’s continued monetary support and the impact on mortgage rates. He also presents the latest market trends from realtor.com, including results from a recent survey of homeowners indicating a noticeable potential increase in the number of homes for sale.
George also mentions the newest market spotlight, a partnership between realtor.com and The Wall Street Journal, looking at emerging housing markets, cities where solid local economies complement diverse neighborhoods, entrepreneurship, high quality of life, and relatively affordable real estate (published by Chief Economist Danielle Hale).
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