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Posted over 2 years ago

Weekly Market Observations - December 28, 2022

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  • Here’s Our Weekly Market Observations :

  • Texas has largest number of apartments under construction in Q3 of 2022, followed by Florida, California, North Carolina and New York
  • Apartment rents decline for the 3rd straight month
  • Home sales dropped 35% YOY in November according to Redfin
  • Mortgage applications increase as rates drop
  • Average 30yr fixed mortgage rates down slightly to 6.27%


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