The economy is adding jobs, and that likely will bode well with the real estate market in the coming months as consumers feel more confident about their earnings, economists say. With 242,000 jobs added to the U.S. economy in February, the unemployment rate is now at 4.9 percent, as outlined by new data released by the Bureau of Labor statistics. The unemployment level is now at the lowest point since May 2008.
Latest Unemployment Drop May Boost Housing
“February’s employment situation report should strengthen confidence,” says Jonathan Smoke, realtor.com®’s chief economist. “Additionally, the strong pace of job creation should lead to continued positive household formation. Combined with substantial pent-up demand for home purchases, we remain confident we will have the strongest spring buying season in a decade.”
This is great news for the Tampa Bay area. We have a team of agents ready to assist you in your new home purchase. With Interests Rates also low right now. You may be surprised to find out that you could probably purchase a home for less than you would rent the same house for. We are always just a click here or call to 813-300-7116 away.
