Increase in Employment Supports Strong Real Estate Recovery in 2015

 Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as a main reason why. The national unemployment rate in November (not seasonally adjusted) was 5.5 percent, more than a full percentage point lower than the rate reported for November 2013 (6.6 percent). A total of 200 metro areas had an unemployment rate below the national average of 5.5 percent in November, compared to 158 areas with an unemployment rate higher than the national average, according to BLS.  READ MORE 

http://dsnews.com/news/01-02-2015/labor-market-improvements-support-economists-predictions-housing-recovery?utm_source=DSNews.com&utm_campaign=00200d092e-Your_Daily_Dose1_5_2015&utm_medium=email&utm_term=0_1924082bfe-00200d092e-174730197

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