Weekly Market Observations - September 20, 2023

Here’s Our Weekly Market Observations :

Multifamily rent rapidly flatting with August YOY rent growth at 0.28%

RE/MAX Agrees To $55M Settlement

Homebuilder sentiment drops for the 1st time in 7 months

New home purchase mortgages up over 20%

Average 30-year fixed mortgage rates up slightly to 7.18%