Weekly Market Observations - June 7, 2023

Here’s Our Weekly Market Observations :

May jobs report exceeds expectations with 339k non-farm jobs added

Home prices increase for the second consecutive month, up 1.3% in March

Sunbelt Class A apartment rents outperform national growth average by nearly 20% with YOY growth at 3.9%

JP Morgan predicts market liquidity to fall by $1.1 trillion

Average 30-year fixed mortgage rates jumped up again to 6.79%