In housing market, some say employment is always more important than rates, so we might just now sta

May 01, 2023
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In housing market, some say employment is always more important than rates, so we might just now start to see this affected, despite rates having been up for a while, because jobless claims might now start.

Job postings are down 10% YoY.

Before, builders didn't have labor, but now they have labor, so they might build through all the new homes, and then shed perhaps a million labor jobs there.

ABNB demand has come off. Supply situation is out of control. No caps put on how many homes could be put out short term rentals. "30% of this city's rentals are vacant." That doesn't last forever. Especially people with a bunch of ABNBs with mortgages. Pent up supply. Coming online. Redfin showed first rent YoY decline in years.
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In housing market, some say employment is always more important than rates, so we might just now start to see this affected, despite rates having been up for a while, because jobless claims might now start.<br><div> </div><div>Job postings are down 10% YoY. <br></div><div><br></div><div>Before, builders didn't have labor, but now they have labor, so they might build through all the new homes, and then shed perhaps a million labor jobs there. <br></div><div><br></div><div>ABNB demand has come off. Supply situation is out of control. No caps put on how many homes could be put out short term rentals. "30% of this city's rentals are vacant." That doesn't last forever. Especially people with a bunch of ABNBs with mortgages. Pent up supply. Coming online. Redfin showed first rent YoY decline in years. <br></div>
In housing market, some say employment is always more important than rates, so we might just now start to see this affected, despite rates having been up for a while, because jobless claims might now start.

Job postings are down 10% YoY.

Before, builders didn't have labor, but now they have labor, so they might build through all the new homes, and then shed perhaps a million labor jobs there.

ABNB demand has come off. Supply situation is out of control. No caps put on how many homes could be put out short term rentals. "30% of this city's rentals are vacant." That doesn't last forever. Especially people with a bunch of ABNBs with mortgages. Pent up supply. Coming online. Redfin showed first rent YoY decline in years.

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