Weekly Market Observations - January 25, 2023

Here’s Our Weekly Market Observations :

Inflation drops in December with CPI coming in at 6.5% YOY

Apartment lease renewals at 52% remains near historic highs

US existing home sales declined 34% YOY in December while median sales price increased 2.3% YOY

Average 30yr fixed mortgage rates down slightly to 6.15%