Real Estate News 09/03/2025

Today’s News Synopsis:

In The News:

CNBC – “Job opening data falls to levels rarely seen since pandemic“ (09-03-25)

“The Job Openings and Labor Turnover report showed around 7.18 million listings in July.”

Realtor.com – “MAPPED: Cities Where Minimum-Wage Workers Must Work 80-Plus Hours Just to Pay Rent” (09-03-2025)

“For millions of Americans earning minimum wage, rent isn’t just a monthly bill—it’s a second full-time job. In some cities, two roommates splitting an apartment with the median asking rent must work the equivalent of 80 hours per week just to keep up with their share of the housing costs and keep overhead under the recommended 30% of income.”

MPA Mag – “Stubborn core inflation could complicate Fed’s next move“ (09-02-25)

“New data shows inflation sticking around as the central bank weighs a cut”

NAR – “Consumer Guide: Do You Need Private Mortgage Insurance?“ (09-03-25)

“PMI is an insurance policy that protects the lender in case you default on the loan. You’ll likely be required to purchase PMI if you are buying a home using a conventional mortgage and you are putting down less than 20% of the purchase price.”

Redfin News – “U.S. Homeowner Population Stops Growing for First Time in Nearly a Decade” (09-03-2025)

“The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the second quarter. While that’s a marginal decline, it’s the first since 2016. ”