Latest / Markets with Megan: A Quick Financial Markets Update
Existing Home Sales Update: January’s Surge | Episode 104 | 02-22-2024
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, looks into the latest insights from the existing home sales report for January today. Megan highlights a positive uptick, surpassing the psychological level of the 4 million home sales mark on an annualized rate, marking the most significant increase since February 2023. Although single-family homes led the surge, all regions experienced growth, with the west leading the way. However, challenges are still present as rising mortgage rates above 7 percent and persistently low inventories, are affecting affordability for both…
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