The CoreLogic Home Price Index rose by 0.2%, bringing it up by 4.7% year over year.

According to Black Knight, home prices increased by 0.2% in October and are now 4.6% higher year over year.

The JOLTS report for Job Openings and Labor Turnover showed a decline from 8.7 million to 9.25 million, while we expected 9.3 million. This slowdown in the economy wasn’t good news for my two recent graduates looking for work, but it does contribute to overall inflation and recession data. The Quit rate remains at 2.3%, unchanged.

In Leisure and Hospitality, there were 1.2 million job openings, reflecting a 10% decrease or 136,000 fewer openings. This suggests that the post-pandemic re-employment in this sector has completed.

Rates continue to improve. Will Powell indicate a Fed rate cut sooner rather than later? I think so.