We got lots of great economic and housing data today!
First, JOLTS data shows that the number of job openings increased to 10.9 million on the last business day of July. That is a series high and shows the strength of the job market recovering from massive COVID layoffs in 2020. But that's not a surprise to HousingWire readers, since Lead Analyst Logan Mohtashami predicted we would have at least 10 million jobs back by the end of this expansion.
We also got the MBA's mortgage apps report in this morning, and Black Knight's numbers on how much equity homeowners tapped in the second quarter. Spoiler alert — it's the most in 15 years! And thanks to rising home prices, there is still equity left to tap.
Want to know what the rest of the year is going to look like, and how to plan for 2022? Join us at HW Annual on Sept. 27-28, where Mohtashami will give his housing forecast. You can also hear from cybersecurity experts, along with talks on winning the purchase market, regulatory changes, the future of valuations and more.
Find out all the details here. Our HW+ members get a highly discounted rate and you can take advantage of that by signing up here.
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