Housing predictions: At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the Realtor.com 2020 housing forecast released today. The forecast predicts first-time buyers will continue to struggle with affordability and sellers will contend with flattening price growth and slowing activity. Read the full forecast.
Open house: C.J. Brown Realtors is hosting a holiday event at Square 46 on Sunday, Dec. 8, from noon to 4 p.m. featuring food and art vendors and an open house to show off the condos in the upper floors of Square 46. The event is free and open to the public. White Star Market is also having a wellness workshop, farmers market and live music during that afternoon as well.
Hiring: U.S. companies added just 67,000 jobs in November, according to payroll processor ADP, barely half the gain of the previous month. Manufacturers, construction firms and mining companies cut 18,000 jobs combined. Companies with fewer than 20 employees also slashed their payrolls. November’s job gain is the fewest in six months and suggests that hiring could be weakening. Read the full report.