Housing inventory stalls: Less than 3K homes added
Housing Wire
AUGUST 6, 2023
The housing inventory data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Mortgage rates also had a crazy week and purchase apps fell once again. Weekly active listings rose by only 2,939 Mortgage rates went from 7.04% to 7.20% and back to 7.03% Purchase apps were down 3% from week to week Weekly housing inventory Traditionally, we would see a seasonal decline of active listings for single-family homes going into the fall, but seeing less tha
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