According to a new study, construction was impacted more than any other industry studied, with American-born workers losing more jobs than immigrants as a result of the deportations.
Fannie Mae's May housing forecast locks in a 6.3 percent average 30-year rate through the end of 2026 and most of 2027, as the Iran War keeps inflation elevated and Federal Reserve rate cuts off the table.
Pending home sales rose in April, but NAR Chief Economist Dr. Lawrence Yun warned the gains could be undermined by a deepening supply shortage that risks pushing home price growth past wage growth.
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