Housing Market Tracker: Inventory drops by 11,000
After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks.
After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks.
The housing market was savagely unhealthy last year and now we are back to a more normal level of over 30 days on the market.
Last week mortgage rates rose as purchase applications and inventory fell, with a noticeable move lower in new listing data.
Given the hotter inflation reported in Tuesday’s CPI data, can mortgage rates go above the 2022 peak of 7.37%?
The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher.