Housing Market Volatility Continues with Fluctuating Rates and Low Inventory.
TL;DR
The housing market experienced a wild week as the 10-year yield rose, sending mortgage rates near 7%. New listings data fell, but active inventory grew slowly. Purchase apps had a weekly negative print, continuing the trend of higher rates impacting the data. The debt ceiling issue is a wild card for market activity this week, with or without a resolution. The market will pay more attention to that than economic data this week.
Topics:businessreal-estate#housing-market#inventory#jobless-claims#mortgage-rates#new-listings#real-estate
- Housing Market Tracker: A wild week for rates HousingWire
- April home prices rise 2.8% in Northeast Florida | Jax Daily Record Jacksonville Daily Record
- The housing market enters into a pivotal stretch Fortune
- Home sales continue to fall due to fluctuating interest rates, low inventory RochesterFirst
- RI single family home prices up in April, few houses for sale The Providence Journal
Want the full story? Read the original reporting
Read on HousingWire