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Low Unemployment & High Demand, Guarantee a Stable Housing Market for the Rest of 2022

Seattle, Portland, San Francisco
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The housing market is caught between several tailwinds and headwinds, which could create a great deal of turbulence in the months ahead. One of the tailwinds is a strong labor market, with the economy creating ~500K jobs every month and unemployment hovering <4%. Employment status is among the first things banks consider when reviewing applications for a mortgage, a critical step in buying a home.

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