Employers added 252,000 jobs in December, the Labor Department reported on January 9th. Unemployment also fell to 5.6 percent, so what does this mean for the housing market?
Economists said that it’s still a buyer’s market for labor, and that’s the real problem for the housing market. It's great that more people have jobs, but many of those jobs are part-time, not full-time, or, they don’t pay what someone with a college or higher education degree would expect to get in order to pay for a middle-class lifestyle. To learn more, watch this new Real Estate Minute video.
While mortgage lenders have become tough when it comes to lending cash there are common mistakes borrowers make when applying for a mortgage that also gum up the process. Watch my new video to find out three mistakes to avoid when you’re applying for a mortgage.
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