Nationally, interest rates decreased from 7.23% to 6.46%, while pending home sales fell from 76.7 to 70.2. Builder confidence dropped from 50 to 39, and unemployment rose from 3.5% to 4.3%. Locally, unemployment increased from 2.6% to 3.4%, and housing starts decreased from 2,008 to 1,370. Existing-home sales showed slight increases in Miami-Dade, Broward, and slight decrease in Palm Beach. Housing inventory rose significantly across all three counties, with days on market increasing in each area.
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