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Housing Market Shifts Amid Wage Stagnation | Real Estate News
The housing market’s shaky signs mask a deeper economic slowdown: job growth has cratered to just 20,000 per month—far below the 200,000 we need for a healthy economy. With revised downward figures for May and June and a July loss of 23,000 jobs, wage stagnation is hitting lower earners hardest, while high earners feel less pinch. Global uncertainty and Fed policy keep people stuck, hesitant to move or negotiate. Mortgage rates stay high, but opportunities exist: more sellers than buyers mean prices are falling, and new homes are surprisingly affordable. Don’t time the market—make the…
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