General World News

Housing inventory stalls: Less than 3K homes added

The housing inventory data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Mortgage rates also had a crazy week and purchase apps fell once again.

  • Weekly active listings rose by only 2,939
  • Mortgage rates went from 7.04% to 7.20% and back to 7.03%
  • Purchase apps were down 3% from week to week

Weekly housing inventory

Traditionally, we would see a seasonal decline of active listings for single-family homes going into the fall, but seeing less than 3,000 homes added to the active listings data last week makes me wonder if we are details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com