Economy Expands in May—Where Does Housing Stand?

The economy in May remained on a soaring streak, with a lift in jobs and the lowest unemployment in years. The expansion is a help for the housing market, but is it enough to relieve supply woes?
According to Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), there is an imbalance between inventory and jobs—conditions that fuel unaffordability, despite earnings increasing 2.7 percent year-over-year.
“Housing demand will be supported by the continuing jo