Weekly Market Observations - October 2, 2024

Here’s Our Weekly Market Observations :

Pending home sales up 0.6% MOM and down 3% YOY

Consumer confidence fell the highest in 3 years to 98.7

Multifamily completions YOY reach 50 year high with 740k units completed

Multifamily starts fell 6.2% YOY

Average 30-year fixed mortgage dropped slightly to 6.08%