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Weekly Market Observations — February 14, 2023
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Here’s Our Weekly Market Observations :
Inflation higher than expected with CPI in January increasing by 0.5% since December and 6.4% YOY
Every major California market sees apartment occupancy fall
7 of 10 markets with largest home price gains in Sunbelt states
Wall street betting on housing market recovery
Aging US housing stock averages 40 years with older homes concentrated in northeastern and Pacific coast states
Average 30yr fixed mortgage rates up slightly to 6.12%
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