Weekly Market Observations - December 6, 2022

Here's Our Weekly Market Observations :

Jobs growth exceeds expectations in November despite the Fed's efforts to curb inflation

Opendoor founder & CEO resigns after $1B loss in Q3

New single-family construction permits down 22% YOY in October after declining for 8th straight months

New multifamily construction permits up 11% YOY in October

Average 30yr fixed mortgage rates down again to 6.49%