Weekly Market Observations - January 7, 2025

Here’s Our Weekly Market Observations :

Consumer confidence increased for the 5th straight month in December

Existing home sales: 4.8% MOM and 6.1% YOY

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

Home inventory: 8.6% YOY to 3.8 months

Average 30-year fixed mortgage: 6.91%