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Weekly Market Observations - December 6, 2023
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1701887537-weekly-market-observation-120523.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Pending home sales fell 1.5% MOM in October and 8.5% YOY
The West saw a 6% MOM decline in pending home sales whereas the Northeast saw a 2.7% increase
Multifamily construction declines further while single-family construction increases
Average 30-year fixed mortgage rates down again to 7.22%
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