Housing Market

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also

Weekly active listings and new listings were negative week to week and year over year. This is truly a savagely unhealthy housing market. The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm

We finally got a break on mortgage rates last week as the 10-year yield hit a critical level and quickly reversed lower, sending mortgage rates down. Active listings showed growth, week to week, but much smaller than I would like to see. Purchase application data showed some growth weekly, keeping alive the streak of more

Housing inventory finally had a good week, rising by more than 8,000 homes, but we need more before the seasonal decline sets in. The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. However, last week was good; we had less inventory growth than I would like

Last week, housing inventory growth dropped and new listing data declined again. We need more listings before the fall starts. 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