Weekly Market Observations — August 29, 2023
Here’s Our Weekly Market Observations :
NAR reports that July existing home sales fell by 2.2% MOM and 16.6% YOY
Housing inventory rose 0.1% YOY
Median home sales prices increased by 1.9% YOY to $406,700
Keller Williams cuts profit-share for vested former KW agents
Multifamily permitting down by 32.2% YOY in July
Average 30-year fixed mortgage rates up sharply to 7.23%
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