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2025 labor market holds key for mortgage rates

Housing Wire

Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. 14, we’ve seen them move lower. Bureau of Labor Statistics.

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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

The state of South Carolina is experiencing an influx of retired baby boomers , which could test the capacity of its infrastructure in areas such as health care and transportation services, as well as resources for dealing with isolation and the job market, according to reporting by Charleston-based newspaper The Post and Courier.

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U.S. Labor Market Remains Strong With 151,000 Jobs Added in February  

Appraisal Buzz

Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. With the labor market holding steady, a Fed rate cut in March remains unlikely, as The post U.S. Labor Market Remains Strong With 151,000 Jobs Added in February appeared first on Appraisal Buzz.

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Mortgage rates are falling as the labor market falters

Housing Wire

In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. “The million unemployed people.

Marketing 493
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Is the market pivoting ahead of the Fed?

Housing Wire

The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession.

Marketing 521
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Labor market report is good news for mortgage rates

Housing Wire

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. Today the labor market is less tight, but the Fed would love to see this number even lower, down to 7 million.

Marketing 513
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Remote Workers Sound Off on Relocating 

Appraisal Buzz

It is likely that we will see an increase in demand for housing near job centers and transportation networks. In more far-flung markets, where demand soared during the pandemic, market conditions likely will be weaker as more workers are pulled back into the office.