Realtor.com Reports Weekly Active Inventory Up 40% Year-over-year; New Listings Down 13%

October Employment Preview

ISM® Services Index Decreased to 54.4% in October

“Interest rates have put the brakes on the market.”

Trade Deficit increased to $73.3 Billion in September

Weekly Initial Unemployment Claims at 217,000

Thursday: Unemployment Claims, Trade Deficit, ISM Services

Fed’s Powell: "Ultimate level of interest rates will be higher than previously expected"

FOMC Statement: Raise Rates 75 bp; "Ongoing increases appropriate"

First Look at 2023 Housing Forecasts