The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth.

• Weekly Active listings fell by 866 homes
• Mortgage rates rose to a year-to-date high of 7.22%
• Purchase apps were down 5% week to week

Weekly housing inventory

We had a hat trick in housing last week: weekly active listings were negative week to week, new listings were negative week to week, and active listing + new details ⇒

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