Weekly Market Observations - January 24, 2024

Here’s Our Weekly Market Observations :

Unemployment rate falls to the lowest level since Sept 2022

Pending existing home sales dropped 1% in December and 6.2% YOY

Housing inventory increased 11.5% YOY to 3.2 months

Median sale price for existing homes increases 4.4% YOY

Average 30-year fixed mortgage rates down slightly to 6.60%