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MarketMinute | Hope for the 2024 Housing and Finance Markets
Dec 29
4:56
AM
Category |
Markets in a Minute
Investors are full of optimism for 2024 as the S&P 500 Index sits within striking distance of its first all-time high in nearly 2 years.
Initial jobless claims rose 218K last week, more than estimated but still consistent with a resilient labor market.
Inflation around the globe is slowing faster than expected. Experts say levels could return to normal in 2024 for the first time in 3 years.
The FHFA reported home prices rose 6.3% year over year in October, faster than September’s 5.5% annual rate.
Pending home sales were unchanged for the month in November and 5.2% lower than the same time last year, according to NAR.
Fannie Mae forecasts a slow recovery for existing home sales next year after they hit a likely low point in October.
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