On today’s Hot Sheet, Byron Lazine unpacked Zillow’s February Market Report showing home values rising for the first time in seven months and existing home sales up 1.8% year over year as spring approaches.
He also covered the ADP National Employment Report, which showed private payrolls increased by 63,000 in February while pay for job-stayers rose 4.5%.
To wrap up, Byron reviewed new MBA data showing mortgage applications jumped 11.0% for the week, with refinances up 14.3% and purchase demand still running 10% above last year.
