Corelogic reports home prices for April were 6.9% higher than a year ago, and 1.6% higher than in March. Washington was the hottest state for prices, up 12% annually. Utah was second at 10.1% and Oregon third at 9.1%. CoreLogic forecasts national home price growth of 5.1% in the coming year.
The Labor Department reports job openings climbed to 6.04 million in April from March’s 5.79 million. More than half the new openings were in the hotel and restaurant businesses. Openings for better paying manufacturing jobs fell by 30,000. The number of people hired fell by 253,000 to 5.05 million in April. Firms looking to fill positions for social workers and health care assistants cut back as did real estate companies. The pace of hiring was the lowest since April 2016, reflecting the tightest labor market in 16 years.The quits rate edged down to 2.1% from 2.2%. The record is 2.6%, set at the tail end of an internet boom that ended in 2001.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
