#Jobs + 372,000
Here is a breakdown of the unemployment rate and educational attainment for those 25 years and older:

—Less than a high school diploma: 5.8%.
—High school graduate and no college: 3.6%
—Some college or associate degrees: 3.1%
—Bachelor’s degree and higher: 2.1%
The unemployment rate for men and women ages 20 and up is both at 3.3%

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More from @LoganMohtashami

Jul 8
👹👺😉 Image
Now that we are in July, I am glad everyone gets why I went full-blown we needed higher rates this year or else. Could you imagine how crazy housing would have been with sub-4 % rates 👹👺😡 Image
Read 5 tweets
Jul 8
This is true; this was the 5th recession red flag raised last month.
I would caution everyone on here that new home sales are historically low already, and the builders didn't push the lever on housing construction in the previous expansion; it was the weakest recovery ever from 2008-2019. A better spot to manage this downturn now. Image
Read 6 tweets
Jul 7
One thing about this, where the 10-year yield is, rates should be below 5% like they were in 2018. Of course, pricing got more hectic recently.

Just remember, no bond rallies until inventory is back to 2019 levels! Help me out here 😉
Don't waste your life on the MBS madness; just focus on the 10-year yield and rates. Since 1975 it's been a good correlation.😎
🤬
Read 6 tweets
Jul 7
If people are wondering how prices are still up 21% YoY in June for Las Vegas, remember higher rates do work; they just need time. Similar to the rate move we saw in 2018.
The same is true for the Phoenix-Mesa-Scottsdale area; I believe they're still up 19% year over year.
Remember, it's all a process; time and duration matter.
If rates didn't move higher as we saw after March, 👺👹👺👹👺👹
National lisitng data. Once we get back to 2019 levels of inventory, the savagely unhealthy housing market ends. The parts of the country that can get there first are a plus.
Read 4 tweets
Jul 6
😉👇🏾Not that big of an issue, just like when the Non QM lenders shutdown during Covid19, they're a small portion of the lending in America
I say this; remember the morning of March 9th, 2020, tweeted out Mortgage Market Meltdown. However, for a different reasons that the 2005-2008 decline in credit
housingwire.com/articles/will-…
Not enough product to be removed in scale terms.
In fact, the credit index falling since Covid19 started hasn't gone anywhere in years.
Unlike the 2005-2008 collapse 😇 Image
Read 6 tweets

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