A Summer Day in Matlacha: The Perfect ItineraryPlanning to visit Southwest Florida some time soon? If you are not already planning to stay on wonderful Matlacha, you should consider making a day
More Jobs and Better Pay Leads to More Buyer Demand
Dated: August 24 2023
Views: 86
There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house.
More Jobs Are Being Created
Instead of facing the job losses typical of any recession, the economy has been growing and adding jobs. According to the Bureau of Labor Statistics (BLS), 187,000 jobs were created in July, which is up from the 185,000 created in June. That means more people are finding work. In fact, so many jobs are being added that the unemployment rate is far lower than the long-term average of 5.7% (see graph below):
A low unemployment rate means that most people who want to work are finding jobs. When people have jobs, they have steady incomes – and that can help set them up to consider homeownership.
People Are Making More Money
And data also shows hourly earnings have been going up pretty steadily over the past few years (see graph below):
When wages rise, people have more money that they could save or use toward buying a home. This increase in income helps offset some of the affordability challenges in the housing market today. Affordability depends on three main factors: wages, home prices, and mortgage rates. With higher home prices and mortgage rates right now, Builder Online summarizes how growing wages can help:
“The housing market has been a beneficiary of the strong economy and labor market. Many of those employed have saved money over the past few years and used those funds toward a down payment on a home.”
If you’re thinking about selling your house, a strong job market, growing wages, and the resulting buyer demand is fantastic news. It means there’s a larger pool of potential buyers out there who are in a position to pursue their dreams of homeownership.
Bottom Line
With more jobs and rising wages creating eager buyers, there’s a lot going in your favor. Reach out to a RE/MAX Sunshine real estate agent so you have someone who can guide you through the process of selling your house, from setting the right price to getting your home ready to show.
Char Seuffert
I am a Real Estate Veteran and a top producer who is passionate about all things real estate and especially the beautiful market of sunny Southwest Florida. Whether you are looking for a vacation h....
Latest Blog Posts
10 Hacks to Make Moving EasierIs it your first time moving, and you have no idea where to begin? Perhaps you are a seasoned mover, like many military families, and you are in search of some new
Six Suggestions for HomebuyersThinking about buying a home and not sure where to begin? Fear not! I’ve got six things you can do to get the ball rolling. Having these done before you start
The Best Parks in Cape CoralCape Coral is world-renowned as a "Boater’s Paradise," and with over 400 miles of winding canals, it’s easy to see why life here usually revolves around the
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on September 22, 2026 6:57 PM UTC The listing information on this page last changed on Last updated on September 22, 2026 6:57 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 22, 2026 6:57 PM UTC
© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
