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Weekly Market Observations - January 24, 2024
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Here’s Our Weekly Market Observations :
Unemployment rate falls to the lowest level since Sept 2022
Pending existing home sales dropped 1% in December and 6.2% YOY
Housing inventory increased 11.5% YOY to 3.2 months
Median sale price for existing homes increases 4.4% YOY
Average 30-year fixed mortgage rates down slightly to 6.60%
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