General World News

Housing Market Tracker: Inventory falls even lower

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.

Here’s a quick rundown of the last week:

  • Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.
  • Mortgage rates didn’t move too much last week but ended the week details ⇒

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