Housing Market Tracker: Inventory drops as mortgage rates move higher
The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher.
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The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher.
Purchase applications fell 10% and housing inventory decreased by 8.664 units last week, according to the Housing Market Tracker.
The Housing Market Tracker shows that housing inventory decreased by 6,468 units, a more pronounced decline from the previous week.
Last week's housing market data provided mixed news, but the year-over-year purchase app numbers were the big story.
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