Real Estate Market News June 12, 2024

Job Growth And Equity Gains June 12th 2024

Job Growth And Equity Gains

In May 2024, the U.S. economy added 272,000 jobs, exceeding expectations. However, the unemployment rate increased to 4%, marking the first rise since January 2022.  The Federal Reserve is keeping interest rates at around 7%, despite concerns about inflation. Meanwhile, homeowners are enjoying record-high equity gains. Home equity jumped by 9.6% in Q1 2024, adding $1.5 trillion in equity.

About Bryan:

Bryan Selser, the Marketing Director at Coldwell Banker Advantage in Raleigh, NC, has extensive real estate experience. He started his journey 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 committed to serving the local real estate industry and community.

Bryan also holds the 2024 Vice Chair position for the RRAR Communications & PR Committee and is an active member of the Raleigh Regional Association of REALTORS Board of Directors. He is passionate about supporting new real estate agents. He previously chaired the RRAR YPN Committee and is the Vice-Chair for the NC REALTORS YPN Committee. In 2021, he earned the prestigious Coldwell Banker 30 Under 30 Award.