Breaking: Jobless Claims Fall to 211,000 - How Will the Fed Respond?

[@Natural-Blooded]

Do we believe that jobless Data? No!

[@Dohair879]

Started watching him in 2021 after I sold my home. I have been renting and now in the process of getting a new home built. It was all job and location situations. Since 2021 the only thing I have seen is prices on homes, taxes, insurance and interest all gone up. Needless to say I don’t watch him any longer and I believe this is the new prices.

[@danidaydreaming919]

Claims look good til they revise them, which they will!

[@TimBybee-w2w]

When you take out government jobs, part-time jobs, and any jobs from illegal immigrants / new comers (whatever you want to call them) what would that do to the job numbers? In addition how does the government measure jobs that came back from Covid layoffs and the people who have given up looking for a job and the plain lack of hiring for high paying jobs from the private sector?

[@jonathantaylor6926]

I think you could argue a housing market crash has already happened... a few years ago you could list a house for sale, get 19 offers in 72 hours and sell the house for 26% more than the list price. The market has genuinely shifted dramatically. DOM is way up. Inventory is way up. Price cuts are now happening. And this is all happening while the US economy has managed to avoid a recession but that will not last forever. Sooner or later there will be an extended bear market and that will not be kind to the real estate market. Mortgage rates are going to be 6-8% for all of 2025.

[@KerriAnabelle]

You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@ramanujpatro]

Please go and check the Austin TX market. That shows what will happen to the rest ofthe pandemic boom cities.

[@whatsitlike6392]

Looking at the Redfin median sales price data the housing bubble in Austin was 2/22 - 10/22 and of that the bulk of it was March - September. I would hate to have bought then but honestly the rest of the time the market has existed within a 10% price spread over the last four years. The government created too much money and unless they vacuum it all up we're all going to continue paying more for everything from eggs to cars to houses.

[@ramanujpatro]

@whatsitlike6392 There is 10-20% drop in price in Austin TX on the overpriced houses sold in Austin in 2022. The one way govt can suck out money is by a slow down which the fed is already doing. If they twist hard, that might have impact economy and govt will have to again print more.

[@TigersPaw04]

I think you and the Reventure App are seeing data then interpreting the data but just missing small pieces of data for the complete picture. For example, I’m born and raised in Tampa and I can most definitely say that housing is overpriced. It’s over priced due to investors and migration to this city. Now, I’m seeing investors(small and corporate) taking a beating now. I would be interested to see if they try to sell to other investors to rent or just drop prices 20- 30% to be more in line on what ppl can afford here. I think migration here is slow steady but Milton put a number on Tampa.. I’ve never experienced not even direct hit but the closest we’ve had since I’ve been here and so many place that are not on the coast got flooded out. I think that slowed down the migration and now ppl are considering desert towns ( Vegas or Phoenix more) especially those boomers out the midwest. Chicago, Detroit, Cleveland, etc…

[@ramanujpatro]

Anybody who is making money directly through RE, be it realtors or lender would want to ignore data,trends and just say the prices will go up. Because that's how they make money for a living or at least a part of it is RE income.

[@logicrules4033]

Everyone is on the Nicks scam to sell that faulty website. He likely made a small fortune selling that to people.