01/30/2023
For the week ending January 27, 2023
• Despite recession fears, the economy grew at a pace of 2.9% in the 4th quarter, more than the expected 2.6%.
• Business activity contracted for the 7th straight month in January. The downturn moderated across both the manufacturing and services sectors.
• Jobless claims declined again last week, this time to 186K. The drop signals labor market strength despite Fed rate hikes and talk of recession.
• NAR reports the median home sales price in 2022 was $386,300, up 10.2% from 2021 and the highest on record.
• Existing home sales in December fell for the 11th straight month and hit the slowest pace since 2010. Improvements are expected in 2023.
• However, new home sales rose 2.3% in December. The 3rd straight monthly increase shows homebuyers are still shopping.
"Work hard, stay positive, and get up early. It's the best part of the day." George Allen, Sr.
Provided by:
CJ Wilkinson
Loan Officer
NMLS #474169
(801) 312-9337
(801) 652-9335
[email protected]
academymortgage.com/CJWilkinson
10542 South Jordan Gateway, Suite 110
South Jordan, UT 84095
UT 5838720 | Corp State Lic UT: 5491140 | Corp NMLS #3113 | Equal Housing Lender
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10542 South Jordan Gateway
SUITE 110
South Jordan, UT 84095