A Rate Hike, Home Sales, & More

Week in Review: Mar. 20-24

Things settled down this week, but we still had a Fed decision on interest rates, some new housing data, and a few other updated indicators.

Monday

Gas Prices

Gas prices fell during the week ending March 20 after rising during the two previous weeks and are now up to $3.534/gallon.

TSA Checkpoint Travel Numbers

Travel numbers for the week ending 3/21/2023 were just 1.3% below 2019 levels, which is the closest they’ve been for some time.

Tuesday

Existing Home Sales

Existing home sales surged 14.5% higher in February, ending a streak of 12-straight monthly decreases. This has a lot do with mortgage rates in February falling to the lowest levels since September (they’ve since gone back up). Sales were still 22.6% lower than they were in February 2022.

The median sales price in February fell 0.2% on a year over year basis. That’s the first annual decrease in median prices in over a decade.

Wednesday

Fed Interest Rate Decision