Jobs are good for housing. No question. That is why some Realtors are dancing a jig around Friday's unexpectedly high gain in the February employment report.
"The strong pace of job creation should lead to continued positive household formation. Combined with substantial pent-up demand for home purchases, we remain confident we will see the strongest spring buying season in a decade," said Jonathan Smoke, chief economist at Realtor.com.
Dig deeper into the numbers, however, and you hit a pretty negative one: Wage growth, or lack of it.