MarketMinute | How long have typical owners lived in their homes?
According to payroll processor ADP, private companies added 475k new jobs in February. ADP also revised January's report upward by 801K. In his testimony before Congress, Fed Chair Jerome Powell said he still expects a quarter point Fed policy rate hike at this month's meeting. New jobless claims came in at 215k, the lowest this year. Continuing claims' 4-week average fell to 1.48 million, the lowest since 1970. Pending home sales were down 5.7% in January, continuing what is now a 3-month drop in transactions as...READ MORE