

Weekly Market Observations - December 6, 2023

Here’s Our Weekly Market Observations :
Pending home sales fell 1.5% MOM in October and 8.5% YOY
The West saw a 6% MOM decline in pending home sales whereas the Northeast saw a 2.7% increase
Multifamily construction declines further while single-family construction increases
Average 30-year fixed mortgage rates down again to 7.22%
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