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“Jobs week” (JOLTs, ADP, Challenger etc.) has so far delivered a very consistent message – hiring is slowing and layoffs are rising. We know that rate cuts will start on September 18. But whether we’ll get a 25 or 50 basis point cut will depend on the strength of the Bureau of Labor Statistics jobs report out today. Hope you enjoy my weekly update on all things real estate!
We’re seeing price “adjustments” frequently, and longer “days on market” these last few weeks. The market is changing daily, and in many directions, affected by inventory levels, mortgage rate fluctuations, local and national economics, politics and more. Over all, it’s “healthy” yet volatile! Click this image above to see the report details.
