The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.
Weekly housing inventory data
One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good thing for the details ⇒
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