02/03/2023
Please enjoy this quick update on what happened this week in the housing and financial markets.
Consumer confidence fell unexpectedly in January, as households worried about the economic outlook for the first half of 2023.
The number of available jobs surged to 11 million in December, the highest level since July, exceeding economists’ expectations.
The Fed raised policy rates by the expected 0.25% at this week's meeting and signaled more rate hikes to come, despite recent disinflation.
The FHFA reports home prices fell for the 5th straight month in November, though they landed just 0.1% lower than October's level.
Pending home sales rose in December for the first time since May, a sign that some buyers and sellers are adjusting to current market conditions.
The Census Bureau reports the U.S. homeownership rate climbed to 65.9% in the 4th quarter of 2022, up 0.04% over last year.
