Weekly Market Observations - January 1, 2025

Here’s Our Weekly Market Observations :

The Fed cut rate by 0.25% while hinting at fewer rate cuts in 2025

Existing single-family home sales up 4.8% in November and 6.1% YOY

Home sales prices up 4.7% YOY to $406,100

Housing inventory increases 8.6% YOY, from 3.5 months to 3.8 months

Average 30-year fixed mortgage is up to 6.85%