General World News

Housing Market Tracker: Housing inventory falls once more

We are off and going now, as seasonality has kicked into full gear with the purchase application data. And, so far, it’s been a good start to the year.

Here’s the housing market rundown for the last week:

  • Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now.
  • Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. 
  • The 10-year yield can’t break lower from the critical level I have discussed, so not much is happening with mortgage rates.

When I talk about seasonality, I am talking about details ⇒

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