General World News

Housing Market Tracker: Holiday impacts inventory

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again.

Here’s a quick rundown of the last week:

  • Active inventory grew 3,180 weekly, and new listing data fell week to week and is still trending at an all-time low in 2023.
  • Mortgage rates fell during the week from a year-to-date high of 7.14% to 6.85% but ended details ⇒

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