We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data.

Here is a quick rundown from last week:

• Purchase applications fell 18% week to week and hit levels not seen since 1995.
• Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year.
• The 10-year yield didn’t let up this last week, as more robust economic and inflation data kept levels elevated and pushed mortgage rates details ⇒

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