Did you know? According to a new report from the Federal Reserve Bank of New York, the strong labor market and low mortgage rates are contributing to a rebounding housing market. Stay on trend with us!
Fed Calls Housing the Bright Spot in Economy
"The economy shows signs of sluggishness, but not the housing market, according to a new report released this week from the Federal Reserve Bank of New York. Consumer spending is softening and wage growth is 'moderate,' but the housing market has rebounded, the Fed says. [...] 'A still-strong labor market and low mortgage rates could continue to provide support to housing,' the report notes."