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Weekly Market Observations - May 30, 2023
![Contain 800x800](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1685472472-weekly-market-observation-052923.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Redfin reports out-of-town moves dropped 6% YoY, and in-town moves dropped 17% YoY
US GDP Q1 growth was stronger than expected, revised up from 1.1% to 1.3%
Existing home sales decreased 3.4% in April compared to March and 23.2% YoY
Pending home sales remained flat from March to April while experiencing a drop of 20.3% YoY
Average 30-year fixed mortgage rates jumped up to 6.57%
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