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Cooling inflation in February brings hope that Fed rate hikes are over

Housing Wire

The year-over-year increase can be attributed to large annual jumps in the indexes for transportation services (+10.2%), energy services (+13.3%), and food (+9.5%). Transportation services jumped 1.1% The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend. in January.

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Mortgage rates fall as labor market normalizes

Housing Wire

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250 Below is an explanation of how we got here with the labor market, which all started during COVID-19. percent, the U.S. Some college or associate degree: 3.1%

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Inflation cooled further in March, but shelter costs are still high

Housing Wire

Indexes that contributed to the annual increase were food (+8.5%), motor vehicle insurance (+15.0%), household furnishings and operations (+5.6%), recreation (+4.8%), and new vehicles (+6.1%). Higher mortgage rates have slowed demand by pricing some would-be buyers out of the market,” Sturtevant said. compared to March 2022.

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Increase in COVID cases holding back employment numbers

Housing Wire

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). below pre-pandemic February levels. census count.

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Jobs data shows the truth about the labor market

Housing Wire

Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. The fear of 1970s-style inflation was that wages could grow out of control in a tight labor market. percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today.

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Why a good jobs report is bad news for the Fed

Housing Wire

Transportation and warehousing jobs falling isn’t a surprise since many companies have hired too many people in that sector. See here for a chart from the Department of Labor on seasonally adjusted dataf or unemployment insurance. When the labor market breaks, claims tend to shoot up fast, and the job-loss recession will have started.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. flexibility in negotiation and marketing. Worried about missing out on a boom?