General World News

Mortgage rates, inventory and demand rise as price cuts fall

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Traditionally at this time of year purchase apps rise and the number of price cuts fall. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year.

I will watch for rising mortgage rates to see if they change the weekly data. So far, higher mortgage rates haven’t changed the data yet.

Weekly housing inventory data

Here is a look at the first week of details ⇒

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