Weekly Market Observations — March 14, 2023

Here’s Our Weekly Market Observations :

US labor market exceeds expectations with 311,000 jobs added in February

The US housing market is short 6.5 million homes

Zillow lists 238 housing markets that will continue to see home prices increase

eXp Realty tops RealTrends list for number of transaction sides

Silicon Valley Bank collapses

Average 30yr fixed mortgage rates up again to 6.73%