Greenway's Markets in a Minute I See how the election is impacting home buyers
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Minutes released from last month's Fed meeting showed that Fed officials worried a lack of fiscal aid from Congress could threaten the post lockdown economic recovery. |
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After many false starts, negotiators are making headway on stimulus talks. Stock markets responded favorably to the news. |
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Jobless claims drifted lower once again last week, after dropping below 1 million in August. The labor market is making headway in getting millions of people back to work. |
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COVID-19 has impacted housing markets differently. Some areas are seeing record low inventory, while empty rental apartments in Manhattan have tripled to nearly 16,000. |
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Framing lumber prices are down from August, but still up 65% year-over-year. Increased lumber costs have impacted budgets for new homes as well as home renovations. |
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A recent survey by Redfin of more than 1,400 residents who plan to buy or sell a home shows that 22% of buyers and sellers see the presidential election impacting their plans. |
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