As morning temps fall, so does the latest economic news – and it’s a comedy of errors! September gave us an ADP report that was about as surprising as finding a pumpkin in your apple orchard – a mere 89,000 job growth, mostly in the services sector. It’s like trying to pick apples and ending up with acorns. The Bureau of Labor Statistics (BLS) reported today that 336,000 jobs were created in September, which was much stronger than the estimates of 170,000. There were also upward revisions to the prior two months, totaling 119,000 jobs. The revisions were all due to an increase in government jobs, as private sector downward revisions totaled 12k in the two prior months. Jekyll and Hyde, my friends!
Treasury yields, on the other hand, had us on a rollercoaster ride, reaching heights not seen since folks were still obsessed with pumpkin spice lattes. Is the labor market finally shedding its summer shorts and donning a cozy sweater?
ADP also brought pay raise data: 5.9% for job stayers and 9% for switchers. These figures are cooling off faster than my pool. On November 1st, I get back into my cold plunge rhythm! My, how I’ve missed those three minutes of teeth chatter.
JOLTS reported rising job openings, but beware of double-counting and titles as confusing as deciding between a trick-or-treat costume.
Realtor.com’s odd metrics claim falling home prices, but it’s like measuring your pumpkin’s height with spaghetti – a bit tricky. Don’t let them spook your potential buyers with their creative metrics.
Lastly, PCE inflation danced with a 3-handle, but the core rate is showing stability, almost as rare as finding a candy corn-flavored unicorn.
Stay tuned for more economic fall follies!
Yours in seasonal economics,
We couldn’t be more excited – Bison Ventures is now licensed in Utah, our 17th state! 🎉 And no one was more thrilled than our Client Relations Coordinator @gabbie.hajjar who was so inspired she baked a cake in the shape of Utah to celebrate the big news! 🎂 Her energy mirrors how pumped we are to be expanding and helping even more families.
At Bison Ventures, we believe in celebrating every milestone, whether it’s with creative baked goods or by making the homeownership process as smooth as possible. We’re ready to bring our informed lending expertise to Utah and continue growing with you. Here’s to new adventures and sweet victories! 🏡✨
AGENTS! 📊 Get ready for the September edition of the Cromford Monthly Market Update with Senior Analyst Tina Tamboer! Tune in next Thursday to get the latest insights on the market trends that matter most. Don’t miss out on the knowledge that could elevate your business. Zoom link will be sent out soon—stay tuned! 🚀
Happy #nationaldogday 🐾 Meet Stanley, our ridiculously adorable Bison Office Rescue Dog! @ianthesullivan - please continue to bring him to work after Doggie Boot Camp!!!
Yesterday, the Bison Herd spent the afternoon at St. Mary’s Food Bank, giving back to a community that means so much to us. We’re big believers in the idea that small actions can make a big impact. If there’s a cause that matters to you, we encourage you to get involved—every bit helps. Together, we can make a difference.
Thank you @stmarysfoodbank for allowing us to contribute 😇
Back when we were hustling as The Crawford Team, building lasting relationships, and setting the stage for what Bison Ventures is today. Grateful for every lesson, partnership, and success that got us here. Here’s to the journey! 💼✨
▶️ Check out the latest Bison Brief with Stuart Crawford ▶️
RATES…what are we seeing? 📉
Currently, the national average for a 30-year fixed mortgage is around 6.75%, lower than the historical average (dating back to 1971). With limited housing supply and increasing demand, now might be the perfect time to make your move! 🚀
Looking for straightforward guidance from a team of seasoned loan officers? We’d love to chat. 🦬 bisonventures.com
🦬 Bison Ventures has been named a finalist in the @phxbizjournal Small Business Awards! We’re thrilled to be recognized alongside so many inspiring companies.
✨ As an emerging local business, being acknowledged for our entrepreneurial spirit and dedication to our community is incredibly rewarding. This nomination underscores our commitment to growth, innovative approach in the mortgage industry, and unwavering vision for the future. We’re incredibly proud to add this recognition to last year’s Best Places to Work award 🏆
A big thank you to the Phoenix Business Journal - your contributions to the Valley’s business community are invaluable! 💫