General World News

Housing Market Tracker: A good week for inventory

The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. However, last week was good; we had less inventory growth than I would like to see, but it’s better than the past few weeks. Mortgage rates rose again and purchase apps saw a mild decline week to week.

  • Weekly active listings rose by 8,815
  • Mortgage rates rose from 6.89% to 7% before ending the week at 6.98%
  • Purchase apps were down 1% from week to week

Weekly housing inventory

It has been a disappointing spring and summer for housing inventory in 2023, with details ⇒

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