Inside the Economy: Wages & Housing

SHJ Wealth Advisors

This week on “Inside the Economy”, we look at wages and housing. Wage and salary growth has moved back to pre-pandemic levels, with the highest income households seeing the slowest growth, alongside declining job openings numbers. With virtually all rent measures currently on the rise, home prices have also continued to rise despite the recent increase in mortgage rates. Tune in to learn about this and more! Key Takeaways: • Headline inflation hovers around 3 • Oil back above $80 • Unemployment rate at 3.8 • 30 year mortgages above 7.15%