Housing Market Tracker: Higher rates crush purchase appsĀ
Housing Wire
FEBRUARY 27, 2023
We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995.
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