What happened to the summer housing market?
Housing Wire
JULY 30, 2023
Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Strong labor data pushed up mortgage rates and purchase applications fell week to week. Weekly active listings rose by only 4,988 Mortgage rates rose from 6.99 % to 7.12% before ending the week at 7.04% Purchase apps were down 3% from week to week Weekly housing inventory For spring and summer, I wanted to see at least a few weeks w
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