A Late-Q3 housing trends release was expected to offer an early read on US market conditions as mortgage rates moved back above ~7%.
Other US updates were set to cover starter-home trends, weekly housing data, a home price index, a mortgage rate reading, and the monthly jobs report.
Home prices were expected to post another month of yearly gains, but growth was not expected to outpace the broader inflation rate.
Across the US, price performance was expected to stay uneven, while forces pushing mortgage rates higher, including growth, inflation, conflict, and deficits, persisted.
The jobs report mattered for rate expectations, yet it was unlikely to change forecasts for at least one more central bank hike during the year.
U.S. Home Prices Split by Region

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