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Weekly Market Observations - July 3, 2024
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1720022363-weekly-market-observation-070224.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Pending home sales declined in May 2.1% MOM and 6.6% YOY
Apartment sales drop to 10 year low
Zillow estimates US housing shortage increased to 4.5 million
New housing starts & permits continue to decline
Average 30-year fixed mortgage rates down slightly to 6.86%
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