– by New Deal democrat The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. For several years, my mantra for a lot of statistics has been “deceleration.” Well, in the case of the employment market, we have passed the point where deceleration […]

New 20+ year record high mortgage rates begin to impact home sales; bifurcation in new vs. existing home prices continues  – by New Deal democrat In addition to updated reports on new home sales and prices, and existing home prices this morning, there’s some very important news on mortgage rates. Namely, at 7.51%, mortgage rates […]

September JOLTS report: slow progress towards a new equilibrium This morning’s JOLTS report covers September, at the beginning of which the Delta wave peaked and then gradually receded for the remainder of the month. It is also the month that the last of pandemic emergency benefits ended.  We did see the second consecutive decline in […]