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Key Points:
Home prices fell for the fourth consecutive month in July according to FHFA’s seasonally-adjusted purchase-only index.
- On an annualized moving quarter basis, price growth is around the lowest levels seen since the autumn of 2022.
- Year-over-year price appreciation has slowed to 2.3% - the slowest pace since 2012.
Monthly FHFA Purchase-Only Index, Seasonally Adjusted
Job openings per unemployed worker remain near 2017 – 2018 levels.
- While the federal government shutdown has delayed the release of most jobs-related reports, the Job Openings and Labor Turnover Survey (JOLTS) results for August were posted just ahead of the shutdown.
Job Openings and Unemployment
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