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Mortgage Market Update - Inflation Inching Lower, Pending Home Sales Plunge, & Jobless Claims - 12/4/2023
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Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of November 27, 2023, in Review:
There was welcome news for consumers as inflation continued to inch lower in October. Plus, tight housing inventory is still hindering contract signings and boosting home values. Here are last week’s headlines:
- Inflation Inching Lower
- Pending Home Sales Plunge in October
- What the Media Misunderstands About New Home Sales
- Home Values Still Standing Strong
- Continuing Jobless Claims Hit 2-Year High
00:00 Introduction and Thank You
01:31 Inflation Update
02:40 Pending Home Sales
03:44 Federal Reserve's Rate Hike
04:38 New Home Sales
06:35 Home Price Index
09:42 Labor Market Update
10:04 Family Hack of the Week
11:09 Upcoming Housing and Labor Reports
11:59 Closing Remarks
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