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Weekly Market Observations - March 21,2023
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Here’s Our Weekly Market Observations :
The Fed expected to hike rates 0.25% this week
Inflation easing but remains at multi-decade high with February’s CPI at 6% YOY
Home prices fall by 0.2% in February, the first YOY decline since 2012, while sales spike 14.5% from January
New housing starts increased in February increased 9.8% from January but remain 18.4% lower YOY
Rental affordability decreased slightly in February rent making up 25.3% of household income
Average 30yr fixed mortgage rates down slightly to 6.60%
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