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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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