{"id":79265,"date":"2025-02-07T07:45:57","date_gmt":"2025-02-07T15:45:57","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79265"},"modified":"2025-02-07T07:45:57","modified_gmt":"2025-02-07T15:45:57","slug":"mortgage-rates-january-2025-mixed-jobs-report","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/","title":{"rendered":"Mortgage Rates May Bounce a Little After Mixed January Jobs Report"},"content":{"rendered":"

Takeaway:<\/b> The January <\/span>jobs report<\/span><\/a> was a mixed bag, but generally pointed to a stronger-than-expected labor market. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.<\/span><\/p>\n

The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions.<\/b> Every February, the Bureau of Labor Statistics (BLS) updates the employment and population counts that underpin this report using more accurate data than what is available at the time of initial publication. The adjustments are especially large this year because the surge in immigration meant that population data was more outdated than usual. The result was a small increase in the unemployment rate of 0.1 percentage points, meaning that, absent the data adjustment, the unemployment rate would have fallen by 0.2 percentage points, a large change for one month. The unemployment rate was also 4.2% as recently as November 2024, so there has been significant tightening over a short period of time.<\/span><\/p>\n

However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. <\/b>Furthermore, January has been unusually strong in the past few years as the normal seasonal patterns have shifted post-pandemic. So, the miss in 2025 feels especially notable. January may have been adversely affected by the LA fires, even though the BLS saw no discernible effect on their survey response rates. And January\u2019s growth is not too far from the roughly 150,000 jobs per month pace for 2024. Also on the brighter side, revisions to November and December now show 100,000 more jobs added than previously reported.<\/span><\/p>\n

With a still strong labor market, inflation just above target, and much White House policy uncertainty, the Fed is unlikely to signal further rate cuts before May or June. While mortgage rates have fallen slightly in recent weeks, they are likely to remain high and at risk of significant volatility. <\/b>Surprising economic data, changes in the Fed\u2019s tone, and new policy announcements from the White House could all cause mortgage rates to increase or decrease quickly.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Takeaway: The January jobs report was a mixed bag, but generally pointed to a stronger-than-expected labor market. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year. The unemployment rate unexpectedly declined from 4.1% to 4.0% and would […]<\/p>\n","protected":false},"author":13558,"featured_media":79266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[632],"tags":[36,623],"dashboard":[],"coauthors":[622],"class_list":["post-79265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-from-our-economists","tag-economics","tag-national"],"acf":[],"yoast_head":"\nMortgage Rates May Bounce a Little After Mixed Jobs Report<\/title>\n<meta name=\"description\" content=\"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Rates May Bounce a Little After Mixed January Jobs Report\" \/>\n<meta property=\"og:description\" content=\"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-07T15:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chen Zhao\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chen Zhao\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/\"},\"author\":{\"name\":\"Chen Zhao\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/a0a62ede97b24e6f17c1cffb6ffdd574\"},\"headline\":\"Mortgage Rates May Bounce a Little After Mixed January Jobs Report\",\"datePublished\":\"2025-02-07T15:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/\"},\"wordCount\":357,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg\",\"keywords\":[\"Economics\",\"national\"],\"articleSection\":[\"From Our Economists\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/\",\"name\":\"Mortgage Rates May Bounce a Little After Mixed Jobs Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg\",\"datePublished\":\"2025-02-07T15:45:57+00:00\",\"description\":\"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg\",\"width\":1600,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/mortgage-rates-january-2025-mixed-jobs-report\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage Rates May Bounce a Little After Mixed January Jobs Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/a0a62ede97b24e6f17c1cffb6ffdd574\",\"name\":\"Chen Zhao\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Chen_Zhao-150x150.jpg83fdc0124d9fcdfe5e5d8583a850a63f\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Chen_Zhao-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Chen_Zhao-150x150.jpg\",\"caption\":\"Chen Zhao\"},\"description\":\"Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences. Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies. While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/chen-zhao\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mortgage Rates May Bounce a Little After Mixed Jobs Report","description":"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/","og_locale":"en_US","og_type":"article","og_title":"Mortgage Rates May Bounce a Little After Mixed January Jobs Report","og_description":"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.","og_url":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2025-02-07T15:45:57+00:00","og_image":[{"width":2560,"height":1920,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"Chen Zhao","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Chen Zhao","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/"},"author":{"name":"Chen Zhao","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/a0a62ede97b24e6f17c1cffb6ffdd574"},"headline":"Mortgage Rates May Bounce a Little After Mixed January Jobs Report","datePublished":"2025-02-07T15:45:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/"},"wordCount":357,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg","keywords":["Economics","national"],"articleSection":["From Our Economists"],"inLanguage":"en-US","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/","url":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/","name":"Mortgage Rates May Bounce a Little After Mixed Jobs Report","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg","datePublished":"2025-02-07T15:45:57+00:00","description":"The unemployment rate unexpectedly declined from 4.1% to 4.0% and would have declined to 3.9% if not for the annual benchmark revisions. However, only 143,000 jobs were added in January, a slightly disappointing number, relative to the 170,000 expected. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/yashowardhan-singh-cGot2jFpKIM-unsplash-scaled.jpg","width":1600,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/mortgage-rates-january-2025-mixed-jobs-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Mortgage Rates May Bounce a Little After Mixed January Jobs Report"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/a0a62ede97b24e6f17c1cffb6ffdd574","name":"Chen Zhao","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Chen_Zhao-150x150.jpg83fdc0124d9fcdfe5e5d8583a850a63f","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Chen_Zhao-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Chen_Zhao-150x150.jpg","caption":"Chen Zhao"},"description":"Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences. Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies. While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.","url":"https:\/\/www.redfin.com\/news\/author\/chen-zhao\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/79265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13558"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=79265"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/79265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/79266"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=79265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=79265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=79265"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=79265"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=79265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}