Initial Jobless Claims, which measures individuals filing for unemployment benefits for the first time, increased by 27,000 to 229,000. While this is still a very low level of initial claims, the four-week moving average is at its highest since early February and this can be an early sign that companies are starting to no only pause on hiring, but are begging to lay people off due to slowdowns. We have to watch this to see if the trend continues. Continuing claims, which are those that continue to receive benefits after their initial claim, were unchanged at 1.306M, which is a 50+ year low.
MBS Highway Housing Index
MBS Highway surveyed over 2,000 mortgage and real estate professionals around the county for current housing market conditions. The results for the June 2022 release showed that 91% of respondents reported their market was still active to very active. 79% saw moderate to significant pricing pressures. Of those that said activity was slower, many cited that it was due to a lack of inventory. Many are still seeing multiple offers, but less than previously. Overall, demand is still outpacing supply, but to a lesser extent.
Since leaving the US Army in 1990, Blair has been serving and helping people. With an extensive customer service background along with integrity, strong work ethic and a personal desire to see others succeed in their dreams, Blair helps you to succeed in buying a home.
We try to bring Real Estate, Lending & learning together.
