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What will lower mortgage rates do to spring housing inventory?

Housing Wire

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Last year, we had three months of a positive data run as rates fell from 7.37% to 5.99%.

Inventory 535
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SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

city and it comes only a year after our market experienced a net loss of about 4300 people. While I’m all for a growing and diverse melting pot in our region, it’s quite apparent we need a bigger “pot” in the form of more housing. They’re back, by the tens of thousands! But where are we going to put them all?! Farewell, BB&B!

Buyers 36