There is an interesting artifact in the jobs market, specifically the BLS The Bureau of Labor Statistics. Job numbers are released and then revised the following two months. This is typical and always happens.

The initial report overstated the job gains by 300k from April 2022 to March 2023. 25,000 per month or almost 9%. The market does not react to it because it’s in the past. That initial headline ruled the day; details matter and sometimes it takes two months to be correct.

If the September 1st jobs report is weaker as expected the Feds should stop the hikes.

New home sales are in demand and the builders are selling air. Of the 437,000 new homes for sale 164,000 were not even started.

I can feel the winds a turning… be ready for it and get pre-qualified and keep saving money for your down payment.