EPISODE · Jun 11, 2024 · 5 MIN
How the May Jobs Report Impacts Your Real Estate Plans - Tom' Take 379
from The Tom Toole Sales Group Podcast · host The Tom Toole Sales Group Podcast
The May jobs report is out with 272,000 jobs added and unemployment hitting 4%. What does this mean for real estate? 👀🏡 Here's a quick breakdown: ➡️ Jobs Added: 272,000, significantly above the 190,000 expected. ➡️ Unemployment Rate: Up to 4%, the highest since January 2022. ➡️ Wages: Increased by 0.4% from last month and 4.1% year-over-year. Market Impact: ➡️ Federal Reserve: Likely to keep rates steady, with no cuts expected soon. ➡️ Mortgage Rates: Predicted to remain stable, with no significant drops in sight. Advice for Buyers: ➡️ Expect steady mortgage rates. ➡️ Inventory is rising, which might offer more opportunities. ➡️ Focus on purchasing now rather than waiting for lower rates, which might not come soon. Advice for Sellers: ➡️ Current market conditions may be optimal for selling. ➡️ Increased inventory might reduce your leverage over time. For personalized advice, schedule a call with our team! ☎️ https://calendly.com/tomtoole
What this episode covers
The May jobs report is out with 272,000 jobs added and unemployment hitting 4%. What does this mean for real estate? 👀🏡 Here's a quick breakdown: ➡️ Jobs Added: 272,000, significantly above the 190,000 expected. ➡️ Unemployment Rate: Up to 4%, the highest since January 2022. ➡️ Wages: Increased by 0.4% from last month and 4.1% year-over-year. Market Impact: ➡️ Federal Reserve: Likely to keep rates steady, with no cuts expected soon. ➡️ Mortgage Rates: Predicted to remain stable, with no significant drops in sight. Advice for Buyers: ➡️ Expect steady mortgage rates. ➡️ Inventory is rising, which might offer more opportunities. ➡️ Focus on purchasing now rather than waiting for lower rates, which might not come soon. Advice for Sellers: ➡️ Current market conditions may be optimal for selling. ➡️ Increased inventory might reduce your leverage over time. For personalized advice, schedule a call with our team! ☎️ https://calendly.com/tomtoole
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How the May Jobs Report Impacts Your Real Estate Plans - Tom' Take 379
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