New listings take a hit, possibly due to higher mortgage rates
Housing Wire
AUGUST 27, 2023
Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much. Also, purchase applications data took another week-to-week dive. Weekly active listings rose by only 6,618.
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