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The labor market impact on housing: Consumers now feel more confident about the housing market. But here’s the twist: as home prices soar, how does this make sense? The Case-Shiller Index, which tracks U.S. home values, just hit a record high—an impressive 6.5% annual gain. In addition, this is the sixth record in a year. Not only that, but pending home sales dropped by 7.7% in April. Despite all of that, consumer confidence still improved. The Conference Board’s confidence index rose from 97.5 to 102. Why? The strong labor market reassures people that jobs won’t vanish soon. However, if that changes, the market could shift.
The labor market impact on housing plays an important role. If people continue to feel secure, it will keep boosting confidence. But it’s a delicate balance. As we navigate these market changes, economic indicators matter. Stay tuned!
About Bryan:
Bryan Selser, the Marketing Director at Coldwell Banker Advantage in Raleigh, NC, brings extensive real estate experience. His journey began nine years ago after graduating from North Carolina State University with a BA in Communication Media and a minor in Business Administration. As a licensed REALTOR®, Bryan is dedicated to serving the local real estate industry and community.
Beyond marketing, Bryan holds the 2024 Vice Chair position for the RRAR Communications & PR Committee and actively participates in the Raleigh Regional Association of REALTORS Board Of Directors. His passion lies in supporting new real estate agents, and he previously chaired the RRAR YPN Committee and is also the Vice-Chair for the NC REALTORS YPN committee. Notably, in 2021, he earned the prestigious Coldwell Banker 30 Under 30 Award.
Topics In This Blog:
Labor Market Impact On Housing, Real Estate Market Update, Real Estate
