1/3: MetroIntelligence Economic Update by P. DUFFY

November pending home sales index down 0.7 percent from October and 7.7 percent year-on-year

Although November pending home sales dipped 0.7 percent from October and fell 7.7 percent year-on-year, this index also measured activity before the more recent drop in mortgage rates.

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October FHFA House Price Index up 0.3 percent from September and 5.7 percent year-on-year

The FHFA House Price Index (HPI) reported a 0.3 percentĀ  increase in U.S. house prices in October from the previous month, and were up 5.7 percent year-on-year.

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