The economy added 256,000 jobs in December, far exceeding expectations of 150,000. The unemployment rate ticked down to 4.1%, reflecting a stronger-than-anticipated labor market. This resilience suggests the Federal Reserve may delay rate cuts until late 2025, despite projections from Goldman Sachs and J.P. Morgan of two cuts this year.
What This Means for Real Estate
High mortgage rates may persist longer than anticipated, keeping affordability tight. Buyers and sellers should stay informed about potential policy changes and market volatility.
📞 Abdo Pierre Faissal | ✉️ [email protected] for expert advice.