August Jobs Report Commentary from MBA's Mike Fratantoni
September 05 2025 | |
“Job growth slowed to just 22,000 in August and estimates for the prior two months were revised down by 21,000. The revised estimate is now showing a net loss in June, and the unemployment rate rose to 4.3%. The job market is softening, with even sectors like health care, which had steadily contributed to job growth, now slowing. Job losses continued in the federal government and manufacturing sectors."
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Victory for Homebuyers: President Signs NAR-Supported Privacy Bill
September 05 2025 | |
“The National Association of Realtors® strongly supported this legislation from day one, fighting to end a practice that bombards homebuyers with unwanted calls, texts, and emails at one of the most important moments of their lives,” said Shannon McGahn, NAR executive vice president and chief advocacy officer. “This is a win for transparency, consumer control, and privacy in the mortgage process."
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Mortgage Applications Decrease in Latest MBA Weekly Survey
September 03 2025 | |
“Mortgage rates declined last week, with the 30-year fixed rate decreasing to its lowest level since April to 6.64 percent. However, that was not enough to spark more application activity,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Refinance applications saw a small increase from the previous week, driven by FHA and VA refinance applications, but conventional refinances declined."
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Single-Family Construction Down in Large Metros, Up in Rural Areas
September 02 2025 | |
“Multifamily market conditions remain stronger than expected, as single-family homeownership sits well out of reach for many households,” said NAHB Chief Economist Robert Dietz. “Favorable construction dynamics in low-population density areas, such as lower regulation and land costs, have boosted multifamily construction in smaller markets while the high-density areas have seen construction declines.”
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Title Resources Group Expands in Mid-Atlantic with New Agency Account Manager
September 02 2025 | |
Title Resources Group, one of the nation's leading title insurance underwriters, has appointed Stacy Short as Agency Account Manager for Virginia, Maryland and the District of Columbia. A 30-year real estate industry professional, Short will drive business development efforts in the Mid-Atlantic by forming and managing relationships with title insurance agents while supporting their growth initiatives.
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