Weekly Market Observations — April 25, 2023
Here’s Our Weekly Market Observations :
Existing home sales fell 22% YOY in March, down 2.4% from February
Median existing home sales prices fell 0.9% YOY
Multifamily operational costs spike with insurance, turnover, and utilities up over 10% YOY
More than 2x the number of Realtors as homes for sale in March
Average 30yr fixed mortgage rates are up slightly to 6.39%
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