Lawrence Yun Reacts to Today’s November Jobs Report

Earlier this morning, the U.S. Bureau of Labor Statistics reported that the economy added 211,000 jobs during the month of November. With the unemployment rate holding steady at 5.0 percent and job growth revised higher in previous months, it’s all but certain the Federal Reserve will raise borrowing costs in a couple weeks. Listen above to NAR chief economist Lawrence Yun’s reaction to this morning’s report and what it means for residential and commercial real estate.