Weekly Market Observations - January 16, 2025

Here’s Our Weekly Market Observations :

Texas led the nation in population growth last year, adding 562k new residents

December jobs report ↑ with 256k jobs added

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: ↑ 6.93%