Weekly Housing Market Update - 12/02/22

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This week, Manager of Economic Research George Ratiu talks about the positive signs in the economy, starting with the upward revision in third-quarter real GDP. He discusses the ISM manufacturing index and the Federal Reserve’s Beige Book, which show concerns about inflation and a potential recession next year. He also mentions the latest inflation reading, which indicated moderation in price growth. George talks about the job market which shows signs of resilience: job openings remain above 10 million, unemployment claims are still low and payroll employment saw better-than-expected gains.

0:18 - GDP trends
0:37 - ISM manufacturing index trends
0:56 - Consumer trends
1:10 - Job openings and laber turnover
1:26 - Unemployment trends
1:48 - Consumer confidence index
1:57 - Home sales trends
2:15 - Home sales price trends
2:30 - Mortgage rates
2:40 - 2023 Economy and housing forecast

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