Weekly Market Observations - November 28, 2023

Here’s Our Weekly Market Observations :

More than 113k build-to-rent units under construction

Existing-home sales down 14.6% YOY in October while sales prices increase 3.4% YOY

Pending home sales reach highest level in a year

Mortgage applications increase to 6-week high

Average 30-year fixed mortgage rates down again to 7.29%