Weekly Market Observations - December 20, 2022

Here’s Our Weekly Market Observations :

The Fed increased rates by 0.5% last week to the highest rate in 15 years

Real estate experts predict mostly flat market in 2023

Single family home builder sentiment dropped for the 12th straight month

Steve Wynn puts $300M of his luxury real estate portfolio on the market

Average 30yr fixed mortgage rates down slightly to 6.31%