General World News

Housing Market Tracker: Inventory is negative YOY

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

Here’s a quick rundown of last week:

  • Active inventory grew by a disappointing 5,848 weekly 
  • Mortgage rates went above 7% again after better labor data 
  • Purchase application data showed 3% growth week to week

Weekly housing inventory

On May details ⇒

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