California Weekly Market Data for week ending May 13, 2024

Employment data telling two different stories

Ongoing unemployment claims in California are rising steadily, indicating prolonged job searches for workers. This trend, if it persists, might help alleviate inflationary pressure.

Mortgage rates continue to inch down

With credit card debt increasing and signs of a softening labor market, 8% should stay the peak, and rates might even gradually decrease by the second half of the year.

California housing market remains hot despite 7% rates

Fortunate...