Bidding Wars Hold Back First-Time Buyers, Coldwell Banker CEO Says
posted on August 24, 2015
Tight inventory in many housing markets is a key reason first-time buyers are having such a tough time acquiring a place of their own, the head of real-estate brokerage Coldwell Banker said Thursday.
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Budge Huskey, chief executive of Coldwell Banker, discussed the state of the housing market in wake of fresh data that showed housing sales reached a post-recession high in July. But that annualized rate of 5.59 million homes is still below what would be a “normal” rate, he said. Historic...
Kentucky's unemployment rate at 5.1 percent in June 2015
posted on August 22, 2015
Kentucky’s preliminary June unemployment rate dipped to a seasonally adjusted 5.1 percent from a revised 5.2 percent in May 2015, and remained below the national rate, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.Continue Reading >>
The state rate in June 2015 was 1.4 percentage points below the 6.5 percent rate recorded in June 2014.
The U.S. seasonally adjusted jobless rate in June 2015 fell to 5.3 percent ...