Real Estate Weekly Report - Pending Home Sales Rise for First Time in Six Months
Posted by Liza Alley on
Weekly Review
Newsletter - 1/30/2023
Week of January 23, 2023 in Review
Housing activity moved higher in December, inflation continues to cool, and more recession signals are flashing:
- Inflation Turning the Corner
- Pending Home Sales Rise for First Time in Six Months
- New Home Sales Ticked Higher in December
- Caveats to Positive Fourth Quarter GDP
- Initial Jobless Claims Decline for Second Consecutive Week
- Economic Slowdown and Recession Signs Continue
Inflation Turning the Corner
The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation rose 0.1% in December, while the year-over-year reading declined from 5.5% to 5%. Core PCE, which strips out volatile food and energy…
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