Inside the Economy: Hiring, Housing, and Markets

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss the current state of employment, housing affordability, and U.S. Markets. Hiring has slowed since the post-covid highs. Are employed individuals at risk of losing their job? Is there evidence to support potential layoffs? On the housing front, affordability remains low due to factors such as pricing, cost of insurance, and interest rates. For consumers looking to buy, which markets have the best home value index in terms of the percent change from the 2022 peak? Regarding U.S. markets, recent adjustments have been made based on weakening economic data and the prospect of interest rates coming down. Since the markets are forward-looking, what momentum can we expect for the stock market in the second half of 2024? Tune in to learn more! Key Takeaways: • Crude Oil at $73.55 a barrel • 30-year Mortgage at 6.35% • 10-year bond yield at 3.86%