Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of December 18, 2023, in Review:

The Fed’s favored inflation measure continues to move lower toward its 2% target while falling mortgage rates boosted existing home sales and new construction. Don’t miss these stories:

• Inflation Inching Closer to Fed’s 2% Target
• Existing Home Sales End 5-month Skid
• New Home Sales Plunge to Lowest Level in a Year
• “Improving Housing Conditions” in 2024
• Housing Starts Hit 6-Month High
• Initial Jobless Claims at 2-Month Low

00:00 Introduction
01:01 Inflation inching closer to Fed's 2% target
02:56 Benchmark Fed funds rate and rate hikes
04:32 Existing home sales update
06:08 New home sales and low inventory
08:16 Home builder sentiment
10:17 Housing starts and construction update
13:03 Demand vs. supply in the housing market
14:07 Holiday recipe bonus

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