10/01/2025
📉 Jobs data just sent mixed signals: ADP shows –32,000 jobs while official payrolls rose +38,000. Overall revision may be different according to ADP.
Why it matters for housing:
➡️ Softer jobs mean less buyer confidence.
➡️ Conflicting reports add market uncertainty.
➡️ A weaker labor market could push mortgage rates lower, helping affordability if buyers can qualify.
⚖️ But remember: different price ranges can move in opposite directions, even in the same market. I hope to have such a look after September’s final housing numbers come in
The job market and housing market are more connected than many realize. 🏡📊