Housing inventory may not rebound for some time, despite slowing market
Housing Wire
Why is housing inventory growing with higher mortgage rates?
The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened […]
Home Values
Existing-Home Sales Fall For 3rd Straight Month
Higher home prices and sharply higher mortgage rates have reduced buyer activity. KEY TAKEAWAYS Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million. Sales fell 2.4% from […]
Housing Wire
Finally, some healthy housing inventory growth
Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25%, something I couldn’t get all last year. Of course, what is different this year versus last year […]