MARKETWATCH
“In the past three months, the (May) Employment Trends Index grew much faster than any other three-month period in the history of the index prior to the pandemic. This marked acceleration suggests historically strong job growth in the coming months.” - Gad Levanon, Head of the Conference Board Labor Markets Institute
Americans who made out-of-town moves last year typically paid less money for larger houses, according to
a new Zillow® analysis of moving data from northAmerican® Van Lines. Movers went to zip codes where sold homes are 33 square feet larger on average than where they came from, a significant jump from the 9 21 square-foot step-up movers have taken in recent years. As of the week ending June 5, median listing prices had increased 13.6% year-over-year, the 43rd straight week of double-digit growth. The U.S. median home price grew 15.2% in May to a new high of $380,000. Source: realtor.com®
Rents continue to rise as the pandemic abates, increasing 2.3% from April to May. This represents the third straight month of record-setting growth, according to the June Apartment List National Rental Report. While
prices in a number of markets are still well below prepandemic levels, prices are rebounding rapidly. Even in San
Francisco, which saw a staggering 26.6% drop in rents from March 2020 through January 2021, rents have increased by 13.4% since the beginning of the year.
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