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Labor Market Conditions Improve in October

The Federal Reserve's Labor Market Conditions Index (LMCI) rose 4 points last month, the central bank reported, matching September's revised improvement. The index covers 19 separate indicators, including the national unemployment rate, average hourly earnings, and the transition rate from unemployment to employment.

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Home Value Growth Tops 2% in October

Based on appraisal data from around the country, Quicken Loans reported Tuesday that home values were up 2.03 percent from September to October. At the metro level, values were up month-to-month in 15 of the 27 largest markets.

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Florida’s Housing Market Stays the Course in Q3

Florida's housing market continued on a steady growth track throughout the third quarter, though improvements were slightly subdued compared to spring and early summer. Florida Realtors' chief economist, Dr. John Tuccillo, said the quarterly numbers reinforce trends the group has seen on a month-to-month basis.

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More Potholes for Housing Recovery

While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014.

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Housing Markets Inch Closer to Recovery

For months, NAHB has been reporting that recovery in the national and in most metro markets is inching its way back to normal levels. The latest report virtually mirrors the LMI report released in August, which stated that 56 of 350 metros were at or better than normal, and the national housing market overall was 89 percent of where it should be.

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Mortgage Rates Up for Second Week

In its weekly Primary Mortgage Market Survey, Freddie Mac reported the average interest rate for a 30-year fixed-rate mortgage (FRM) slid up to 4.02 percent (0.5 point) for the week ending November 6. It was the first time the 30-year fixed average measured above 4 percent in nearly a month.

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