Purchase apps are at 2009 level: where’s the inventory?
Housing Wire
MAY 26, 2022
As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. I don’t believe housing inventory below 1.52 housing market. Currently, home sales are falling like when rates rise. years since the start of 2020.
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