When Careers Meet Homes: The Impact of a Thriving Job Market on Homebuyer Demand

The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger.

One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, makes it clear more people are out looking at homes than there were prior to the pandemic (see graph below):

And though there’s less traffic than the buyer frenzy of the past couple of years, we’re not far off that pace. There are a lot of interested buyers checking out available homes right now.

But why are buyers so active at a time when mortgage rates are higher than they were just last year?

The Job Market Is Growing at a Stronger-Than-Expected Pace

With inflation still high, the Federal Reserve (the Fed) repeatedly hiking the Federal Funds Rate, and a lot of chatter in the media about a recession, it might surprise you just how strong today’s job market is. What might be even more surprising is the fact that it appears to be getting stronger (see graph below):

The latest report from the Bureau of Labor Statistics (BLS) indicates that the U.S. job market is showing signs of growth. In April, there were 88,000 more jobs created compared to the previous month, surpassing expert projections. This positive trend suggests an improving job market and can have a favorable impact on various aspects of the economy, including the housing market.

Unemployment Is at a Near All-Time Low

Ever since the Fed began fighting inflation, many people expected the low unemployment rate we’ve seen over the past couple of years to rise – but that hasn’t happened.

In fact, what has happened is the unemployment rate has dropped to 3.4% – a 50-year low (see graph below):

With so many people steadily employed and financially stable right now, they’re still able to seriously consider buying a home.

What This Means for You


Selling your house in a market with active buyers can be advantageous, as it increases the chances of generating interest and receiving offers. In a low inventory environment, where the number of homes for sale is limited, having an experienced real estate agent by your side becomes even more valuable. They can assist you in setting the right price for your house, handling offers, negotiating effectively, and ultimately minimizing the stress and challenges associated with the selling process.

Bottom Line

There are plenty of buyers out there right now trying to find a home that fits their needs. That’s because the job market is strong, and many people have the stable income needed to seriously consider homeownership. To put your house on the market and get in on the action, let’s connect.

1243 Properties
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4
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3
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2,432
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1963
Year Built
1
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2
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1,149
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1988
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2
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Neighborhood: Center Gate Village 6
2
Beds
2
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1981
Year Built
2
Days on Site
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$525,000
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3
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3
Baths
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2
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A4572614
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Experience luxury living at Village Walk of Sarasota, an exclusive gated community offering a maintenance-free lifestyle and an array of amenities. Immerse yourself in a world of leisure with access...
$477,000
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2
Beds
1F11/2
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1,170
Sq.Ft.
1952
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2
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Almost hidden from the road by areca palms, you will find this unique home. Private. Charming. Fully fenced lot. Located in the very popular Arlington Park. This Home presently has two bedrooms with...
$179,900
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2
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1
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779
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This is the One!*Least expensive property currently for sale in mls located in the 34239 zip code*Great Opportunity to own a 2 bedroom condo located in central Sarasota, at a very affordable...
$379,000
Neighborhood: Center Gate Village 3
2
Beds
2
Baths
1,601
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1979
Year Built
3
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THIS IS THE ONE YOU HAVE BEEN WAITING FOR! BEAUTIFULLY UPDATED TURNKEY VILLA IN ALWAYS DESIRABLE CENTER GATE! Two bed, two bath, living and family rooms! The list of upgrades is extensive.. Let's...
$4,293,000
Neighborhood: Bird Key Sub
4
Beds
3F11/2
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3,344
Sq.Ft.
2023
Year Built
3
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Pre-Construction. To be built. Pre-Construction. Located on the quiet, calm low traffic street of N Owl Dr on Sarasota's Premier Island address of Bird Key, this oversized lot is ready for the...
$539,000
Neighborhood: Villas At Deer Creek
2
Beds
2
Baths
1,893
Sq.Ft.
1996
Year Built
3
Days on Site
A4572031
MLS
Join a community ideal for those seeking an active lifestyle while enjoying mature foliage, an abundance of nature preserves, lakes and privacy. Located in the sought-after gated community of Deer...
$639,000
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3
Beds
2F11/2
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2,093
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2006
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3
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A4572551
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Want to live in the city of Sarasota but need more space. This condo lives like a home. It is located in a boutique complex with just 23 residences. A 3 bedroom 2 1/2 bath with almost 2100 sf of...
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Neighborhood: Siesta Royale
1
Beds
1
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612
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1962
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3
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C7476411
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BEACHFRONT Condo awaits new owners!! This unit is great to live in full time OR rent out for a great investment!! This great 1BR Condo sleeps 4 with the fold out Murphy Bed in the living room!...
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Neighborhood: House Sun
2
Beds
2
Baths
1,215
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1975
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MLS
RARELY available top floor unit in always desirable and well managed House of the Sun on Siesta Key. This one is going to check all the boxes. The seller has updated it completely. The baths are...

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