Strong Job Market Will Continue to Support Housing Demand–MBA

Mortgage Professional America, Sept. 6, 2022–Candyd Mendoza
“While the labor market remains quite strong, with employment growth still above a sustainable pace; however, that pace is slowing,” said Mike Fratantoni, chief economist of the Mortgage Bankers Association. “Wage growth is still strong, with average hourly earnings up 5.2% compared to a year ago.”